Sunday 16 December 2018

Saudi-Swiss trade tops $3.5 billion

JEDDAH, December 3, 2017

The trade balance between Saudi Arabia and Switzerland amounted to 3.2 billion Swiss Francs ($3.5 billion), with exports to the Kingdom that totalled 2.8 billion Swiss Francs and 440 million Swiss Francs of imports, a top official said.

 “The main types of exports to Saudi Arabia are pharmaceuticals, precious stones, jewellery, machines, clocks and coffee,” added Heinrich Schellenberg, Ambassador of Switzerland to Saudi Arabia.

Schellenberg was speaking at a meeting of a delegation of Swiss Businesswomen with a number of Saudi businessmen and businesswomen in Jeddah to explore potential commercial and investment opportunities in the Kingdom.

“There are more than 100 Swiss companies already doing business in Saudi Arabia that employ and transfer knowledge to young Saudis,” noted Schellenberg, stressing that his country looks forward to further cooperation and stronger ties between the two countries.
Furthermore, the ambassador pointed out that the Swiss businesswomen delegation’s visit aims to explore ways and aspects of cooperation with companies in Saudi Arabia, currently Switzerland's second trading partner in the Mena region after the United Arab Emirates.

The meeting discussed ways to strengthen cooperation between Saudi Arabia and Switzerland in various fields.

Sheikh Khaled Juffali, Honorary Consul of Switzerland in Jeddah, hailed the positive and fruitful meetings carried out by the Swiss Businesswomen delegation. He noted that both sides agreed on the importance of reinforcing the existing cooperation between them in light of the distinguished relations between the two countries’ leaderships.
The Swiss Businesswomen delegation included representatives of key Swiss commercial and industrial sectors, notably, medical products, public relations, event management, tourism and others. – TradeArabia News Service

Tags: Saudi Arabia | Trade | swiss | Businesswomen |

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