The multi-industry business mission, which included more than 20 Russian manufacturers, was held in Saudi Arabia on October 3 and 4, the Russian Export Center reported.
"Over the course of two days, companies held more than 250 targeted negotiations with potential partners," the center explained.
The business mission at the Riyadh Chamber of Commerce and Industry started with a plenary session dedicated to the prospects for practical trade and economic cooperation between Russia and Saudi Arabia.
Russian exporters and Arab businessmen received addresses from Minister Counselor of the Russian Embassy in Saudi Arabia Alexander Istomin, Trade Representative of the Russian Federation Stanislav Yankovets, Chairman of the Saudi-Russian Business Council Tariq al-Qahtani, and Head of International Projects Development of the REC Najibulo Jabbori.
In addition, Russian exporters visited Saudi enterprises after negotiations. On the second day of the mission, the Russian delegation held a multilateral pitching meeting with one of the largest Saudi investment holdings, Ajlan & Bros Holding Group. The event was organized by the Russian Export Center with the support of the Russian Ministry of Industry and Trade and the Russian Trade Representation in the Kingdom of Saudi Arabia, as well as Riyadh CCI.
In total, more than 250 b2b meetings took place at the mission site.
Saudi business was highly interested in Russian ICT solutions, especially those with elements of cyber security, unique construction solutions and materials, products for the oil and gas industry, medical and pharmaceutical products
Riyadh Chamber hosts Saudi-Russian business meeting
The Riyadh Chamber hosted a meeting in which 23 Russian companies and representatives from the Saudi Arabian business sector participated on Tuesday, October 4, 2022.
The Riyadh Chamber hosted a meeting in which 23 Russian companies and representatives of the Saudi Arabian business sector participated.
Riyadh Chamber hosts Saudi-Russian business meetings
The meeting stressed the importance of commercial relations between Saudi Arabia and Russia.
Businesses can benefit from investment opportunities and partnerships in the two countries.
Minister Plenipotentiary at the Russian embassy in Riyadh Alexander Istomen said that Russian-Saudi relations are strong and have continued to witness continuous rapprochement.
He said that the meeting between the Russian and Saudi business sectors will expand economic cooperation.
Head of the Saud-Russian Business Council Tareq Al-Qahtani highlighted the important role of the council in strengthening commercial ties between the two countries.
He referred to the significance of benefiting from available opportunities through holding joint ventures.
Commercial representative at the Russian Embassy said that the two countries’ commercial ties have witnessed remarkable development over the past few years.
The representative said the commercial exchange volume in 2021 witnessed an increase to US$1.7 billion, expressing his country’s aspiration to reach a commercial exchange volume of US$5 billion by the end of 2024.
The event witnessed holding bilateral meetings between businesspeople and representatives of the Russian companies.
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