JEDDAH, 10 July 2005 — Saudi and Philippine businessmen have agreed to establish a joint investment company in order to benefit from investment opportunities in both countries, according to Madinah newspaper. A delegation of Saudi businessmen were recently in the Philippine where they met with businessmen and agreed to study the prospect of establishing a joint investment company and determine the capital, the shares and the fields to invest in. The Saudi delegation, headed by Walid Al-Suwaidan, will present various topics to activate the commercial trade between the countries and increase the number of partnerships.