Governor of Riyadh Region Inaugurates Fifteenth Islamic Trade Fair

5/23/2016 7:37:33 AM

(MENAFN- Emirates News Agency (WAM))

RIYADH, 23rd May, 2016 (WAM) -- Governor of Riyadh region, Prince Faisal bin Bandar bin Abdul Aziz, last night inaugurated the 15th Trade Fair of Member States of the Organisation of Islamic Cooperation, OIC.

The fair's inauguration ceremony was attended by OIC's Secretary-General, Iyad bin Amin Madani, and a number of ministers, ambassadors, senior officials, businessmen and investors from the Kingdom of Saudi Arabia and Islamic countries.

Addressing the audience, Saudi Minister of Trade and Investment, Dr. Majid bin Abdullah Al-Ghussabi, said that the intra-regional trade among Islamic countries reached US$878 billion over the past year, a figure which is hoped will double over the next few years to reflect the depth of Islamic relations.

A total of 30 OIC member states are represented at the fair through their various national companies.

The OIC Trade Fair, held every two years, aims to introduce the products and services of OIC member states to raise the level of trade, promote two-way investments and open new markets for the products of participating countries.

WAM/tfaham/Moran

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