Taiwan companies to showcase products

Updated 26 March 2013
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Taiwan companies to showcase products

The Taipei Economic and Cultural Representative Office will organize a “Taiwan Products Catalog Show” at the Riyadh Chamber of Commerce and Industry on April 7 in Riyadh, April 14 in Qassim and April 21 in Hofuf.
“Catalogs of about 200 Taiwanese companies will be on display during the three shows. The companies will represent 12 main industrial categories,” said Economic Counselor W.K. Lai.
The companies have dealings in various sectors, ranging from IT and ICT products, medical supplies, cement, toys, food and stationery.
Lai said Saudi Arabia is a competitive market, adding that the show’s aim is to promote globally competitive Taiwanese products.
“We welcome Saudi companies and other parties interested in trading and negotiating business affairs with Taiwanese manufacturers to visit the show. Taiwanese products are superior in quality and the price is fair in the global markets,” he said.
He added that the quality of Taiwan’s “modularization and mass production capabilities as well as many key technologies make it the important supporting force for East Asia to become the largest production base in the world. Additionally, the strong orders for Taiwan’s manufacturers prove a sturdy confidence from world buyers in Taiwan’s products.
Lai added that Saudi Arabia is one of the major economic partners of Taiwan, ranking first in the list of trading partners in the region.
“During 2012, bilateral trade increased by 7.2 percent to $ 16.66 billion (SR 62.5 billion), with Taiwan’s exports to Saudi Arabia valued at $ 1.85 billion (SR 6.9 billion) and its imports from Saudi Arabia amounting to about $ 14.81 billion (SR 55.5 billion),” Lai said.
This indicates that there is plenty of room for expanding the mutually beneficial business cooperation in multi-area industries between Taiwan and Saudi Arabia, he said.
Local companies interested in attending the show can contact the Economic Division of the Taipei Economic and Cultural Representative Office at (01)-4881900 ext. 232 or send a fax to 4881605. Emails can be sent to [email protected] or [email protected]


Formula E is another step toward Saudi Vision 2030 — Russian Direct Investment Fund

Updated 15 December 2018
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Formula E is another step toward Saudi Vision 2030 — Russian Direct Investment Fund

JEDDAH: The Formula E Championship race in the ancient cradle of Saudi Arabia, Ad Diriyah, is another unique example of the historic steps the country’s leadership is taking to implement its Vision 2030 and follow a path to moderate Islam, said CEO of Russian Direct Investment Fund.
Speaking on Saturday following the race, Kirill Dmitriev added that “the event not only promotes electric cars and cutting-edge technologies in the country, but also showcases the first ever mass pop music concerts in the Kingdom,” with performers including Enrique Iglesias, The Black Eyed Peas and David Guetta.
Thousands of fans flocked to Riyadh’s historic Ad Diriyah district for Formula E, a motor sports tournament using electric vehicles, and for the concerts, entertainment and cultural activities as well.
Whizzing electric race cars wound through the ruins of Ad Diriyah, a UNESCO world heritage site that is undergoing a multi-million dollar renovation, celebrating a telling of national history.

CEO of Russian Direct Investment Fund, Kirill Dmitriev. (Photo/Supplied)

“Such events will help attract tourists to the previously closed country and are a true celebration for aspiring young Saudis who desire a bright future,” he went on to say.
Dmitriev also said that “the vision of moderate Islam, promoted by Crown Prince Mohammed bin Salman, is important both for the region and the entire world, and its realization needs to be appreciated, respected and supported.”
A first for Saudi Arabia and the region, the event’s magnitude reflects the Kingdom’s goal of hosting major events and promoting them domestically and globally.
It also marks the first event in the Kingdom accessible to international tourists, made possible by a new online e-visa system, Sharek, demonstrating to the world Saudi Arabia’s future vision for tourism, which is expected to be on a much larger scale.