Indonesian products exhibition launched in Jeddah

Ambassador Jamal Balkhoyor, second left, with guests. (Photo/Supplied)
Updated 30 November 2018

Indonesian products exhibition launched in Jeddah

  • Indonesian products and services of trade, tourism and investment are being exhibited at the Indonesia Expo this year
  • Exposure of Indonesian products through this exhibition is expected to increasingly attract Saudis to do business with Indonesia

JEDDAH: The first edition of an Indonesian products exhibition was inaugurated by Indonesian Consul General Dr. Mohamad Hery Saripudin and Vice Chairman of the Jeddah Chamber of Commerce and Industry, Ziad bin Bassam Al-Bassam, on Wednesday. 

 The four-day exhibition, “Made in Indonesia Expo,” is being held  at the Jeddah Center for Forums and Events and joined by 70 Indonesian exhibitors, aiming to increase non-oil and gas exports to Saudi Arabia.

Indonesian products and services of trade, tourism and investment are being exhibited at the Indonesia Expo this year. In addition, business forum and business-to-business meetings on a one-on-one basis are also being conducted on the sidelines of the event. 

“The exhibition being  is held for the first time after several decades as a result of close cooperation between the Indonesian Consulate General in Jeddah, Jeddah’s Chamber  as well as related Indonesian ministries and institutions in the development of national exports,” said the Indonesian consul general.

PT Wahyu Promo Citra, an event organizer, is hoping the exhibition will bring together Indonesian producers and Saudi  suppliers.

Along with “Made in Indonesia Expo,” the Indonesian government has carried out an official trade mission led by the director general of national export promotion at the  Ministry of Trade.

The consul general is optimistic that the Indonesia expo in Jeddah and trade mission are a golden opportunity for Indonesian entrepreneurs to expand the market for Indonesian products in Saudi Arabia and the Middle East.

“At (the) least, there are two large market segments here, Indonesian residents and Saudi citizens,” the consul general said, adding that there were more than 221,000 Hajj pilgrims and 1.2 million Umrah pilgrims from Indonesia each year visiting the holy land, not including the more than 350,000 Indonesians living in the Kingdom.

“They are all loyalists of Indonesian products,” said the consul general, adding that the influx of Indonesian pilgrims opened opportunities for local catering and accommodation services that need Indonesian products.

Market potential 

The population of Saudi Arabia, which reaches more than 30 million people, also offered potential market opportunities, he said. 

Exposure of Indonesian products through this exhibition is expected to increasingly attract Saudis to do business with Indonesia and at the same time invite more tourists from the Kingdom to visit Indonesia.

“People-to-people contact of Indonesia and Saudi Arabia has long been established, even before the two countries were formed, which contributes to the introduction of the Indonesian products and increasing interest of the people of Saudi Arabia in the products,” the consul general said.

Saripudin said that the potential of the large Saudi market could be seen from the improving performance of Indonesia’s non-oil and gas exports to Saudi Arabia. At the end of 2017, these exports reached $1.38 billion, up 3 percent compared to the same period in 2016, and there was a trade surplus of $627 million.

The solo exhibition for Indonesian products is a series of Indonesian promotional programs in Jeddah organized by the Indonesian Consulate. Not long ago, the Indonesian Consulate General in Jeddah launched a technology-based service. 

This platform is a starting point to digitize the Indonesian integrated promotional programs in Jeddah in facing the growing challenges.


Mohammed Al-Shammasi, CEO of Derayah Financial

Updated 54 sec ago

Mohammed Al-Shammasi, CEO of Derayah Financial

  • Al-Shammasi graduated with honors from King Fahd University of Petroleum and Minerals and went on to take several management and leadership programs in Harvard Business School, Duke University and INSEAD Business School

Mohammed Al-Shammasi has been the CEO of investment solutions company Derayah Financial since September 2016. Al-Shammasi has worked in the fields of financial services, strategy, corporate governance and investment for more than 16 years.

Previously, Al-Shammasi was the company’s chief investment officer, responsible for Derayah Financial’s overall investment activities covering multiple asset classes.

Before joining Derayah Financial, he was head of investment management at NCB Capital. Prior to that job, he was a portfolio manager at Riyad Bank.

Al-Shammasi graduated with honors from King Fahd University of Petroleum and Minerals and went on to take several management and leadership programs in Harvard Business School, Duke University and INSEAD Business School.

Recently, Derayah Financial added forex contract trading services to its offerings. Through the recently launched Derayah Global and Derayah Global Plus services, customers can buy and sell, follow real-time prices in international markets, and create follow-up lists for shares, option contracts, and exchange-traded funds (ETFs).

“Our platform allows eight types of selling and buying orders and provides real-time securities prices with the possibility of creating follow-up lists and viewing a series of options and all available contracts. We offer significant capital facilities, and our professionals are always 

there to answer customers’ questions and provide advice,” Al-Shammasi said at the launch of the new platforms.