Kingdom and Denmark to set up joint business council

Kingdom and Denmark to set up joint business council
Updated 08 March 2016

Kingdom and Denmark to set up joint business council

Kingdom and Denmark to set up joint business council

RIYADH: The Council of Saudi Chambers (CSC) and Confederation of Danish Industry (DI) have signed a memorandum of understanding (MoU) to set up a joint Saudi-Danish business council.
CSC Chairman Abdulrahman Al-Zamil and Tomas Bostrop, deputy director general of DI, signed the MoU during the Saudi-Danish business forum and exhibition here on Monday.
The signing ceremony was attended by Danish Crown Prince Frederic Andre Henrico Christian, and Danish ministers and business leaders accompanying the crown prince, along with Saudi business leaders participating in the forum.
Al-Zamil told Arab News that the council is similar to many joint business councils with friendly countries that have been formed under the umbrella of CSC to act as vehicle to serve and boost business ties, share trade and investment opportunities information, solve any problems might arise between Saudi businessmen and their counterparts in those countries.
He highly lauded the Danish delegation members accompanying the crown prince. "The delegation was one of the best trade teams ever visited the Kingdom. It was carefully chosen and represented companies that offer top products and services country needs these days," he said.
"We hope the council members will be announced soon so that it can be instrumental in strengthening bilateral trade ties between the Kingdom and Denmark. This can be done by supporting the flow of exports and activating cooperation between Saudi businessmen and their Danish counterparts, and attracting investments to both sides," he said.
At present, the Kingdom has more than 32 joint business councils with different countries. They work under the umbrella of the CSC in order to develop economic ties between the Kingdom and its friendly countries with members representing various business sectors.
Majid Al-Hokair, deputy chairman of Abdulmohsen Alla Hokair Group for Tourism and Development and deputy head of the tourism committee at both CSC and Riyadh Chamber of Commerce and Industry (RCCI) welcomed the signing of the MoU to form the joint business council with Denmark and considered it as a sound move to develop trade ties with very advanced countries in many fields.
"The council will benefit both sides in many fields, like health care, renewable energy, efficient use of energy, dairy products, smart cities and tourism. I hope it will further promote understanding, cooperation and business exchange, and boost the current bilateral trade exchange figure of around SR 3 billion to new heights,” he said.