GESALO to boost Saudi-German trade ties

GESALO to boost Saudi-German trade ties
From left, Sarah Ayed Al-Ayed, board member, JCCI; Holger Ziegeler, German consul general; Mohammed Yousuf Naghi, JCCI chairman; Dr. Dalia Samra-Rohte, delegate of GESALO; Dr. Martin Wansleben CEO, Association of German Chambers of Industry and Commerce; Imad Mohammed Hashem, secretary-general of JCCI; Khaled Al-Juffali, chairman, E.A. Juffali and Brothers; and Dina Hasan Al-Nahdi, board member, JCCI.
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Updated 05 February 2020

GESALO to boost Saudi-German trade ties

GESALO to boost Saudi-German trade ties

The Jeddah Chamber of Commerce and Industry (JCCI) hosted the opening of the German-Saudi Liaison Office for Economic Affairs (GESALO), the official representative of German industry in the Kingdom, with aims to enhance the bilateral relationship and promote trade between the two countries. 

Those present on the occasion included CEO of the Association of German Chambers of Industry and Commerce Dr. Martin Wansleben, Delegate of GESALO Dr. Dalia Samra-Rohte, Consul General of Germany in Jeddah Holger Ziegeler, Chairman of the Board of Directors of the JCCI Mohammed bin Yusuf Naghi, Secretary-General Imad bin Muhammad Hashem, and a number of representatives of the Saudi-German business community.

Dr. Samra-Rohte said that a permanent German Desk in Jeddah will play a major role in exploring investment opportunities in both countries and strengthening Saudi-German trade relations throughout the Kingdom, with the support of the main office In Riyadh and the German Desk in the Eastern Province, which will allow GESALO to cover more sectors of the Saudi economy closely, in line with the Kingdom’s Vision 2030.

Dr. Samra-Rohte described the opening of the German office in Jeddah as a milestone for GESALO during a period of great economic development in the Kingdom, expressing her happiness on being able to experience these positive developments. While the city of Jeddah offers a lot, the greatest potential lies within the logistics sector and the advancement in the tourism sector.

Consul General Ziegeler said the German Desk in Jeddah supports joint efforts to strengthen German-Saudi economic relations, as it is an official representation of German industry and trade in Saudi Arabia, and will provide all the information that serves the business community and investment opportunities in different sectors.

GESALO is part of the network of German Chambers of Commerce Abroad (AHKs), which has 140 offices in 92 countries around the world. The German office in the Kingdom has been operating as a nonprofit organization for more than 40 years.

The network of German Chambers of Commerce Abroad is an institution for promoting German foreign trade, and the Association of German Chambers of Industry and Commerce (DIHK) coordinates and develops the network. It is funded by the German Federal Ministry of Economic Affairs and Energy (BMWi).


SABB celebrates Riyadh on World Cities Day

Updated 02 December 2020

SABB celebrates Riyadh on World Cities Day

SABB celebrates Riyadh on World Cities Day

On the occasion of the UN’s World Cities Day, celebrated each year on Oct. 31, the Saudi British Bank (SABB) launched a campaign to show the urban development of Riyadh city, starting from infrastructure projects aimed at improving the quality of life to the organizational initiatives that have contributed to attracting glob- al investors.

SABB prepared an introductory report titled “My City” that was published on the bank’s website and distributed to individual and corporate clients inside and outside the Kingdom. This is in addition to publishing a brief on the website, mentioning the most prominent features of the developments taking place in the Kingdom at different levels, to support programs for sustainable and balanced growth, improving business environment, attracting foreign investment, and encour- aging innovation.

The “My City” report focuses on the role of the Kingdom’s Vision 2030, as it is a transformative initiative aimed at developing the Kingdom’s economy, in addition to the positive impact that it had on Riyadh, considering that it is the capital and the main business center in the Kingdom. These developments are ex- pected to further contribute to improving the appearance and image of the city. The report also referred to the investments made by the Saudi government throughout history in order to enhance and develop other social services such as health, education and entertainment.

SABB has livened up its campaign to celebrate the city of Riyadh on this global occasion, by hanging a mural on the bank’s head office building, drawn by a young Saudi artist, Noura Bouzo, embodying the ancient history of Ri-yadh and its promising future. SABB is a licensed financial institution operating under the Saudi Arabian Monetary Authority’s supervision and control. The bank was established in 1978 as a Saudi joint stock company. It is an associate company of the HSBC Group.

SABB offers integrated financial and banking services including personal banking, corporate banking, investment, private banking and treasury. The bank’s paid-up capital is SR20.5 billion ($5.4 billion) after its legal merger with Alawwal Bank, to become one entity and one of the largest banks in the Kingdom.