(MENAFN- AzerNews)
Qabil Ashirov read more Azerbaijan - Saudi Arabia Joint Business Council held its first
meeting in Riyadh, Azernews reports, citing the
Small and Medium Business Development Agency (SMBDA).
SMBDA noted that the representatives of institutions supporting
business in Azerbaijan, as well as tourism, agriculture, industry,
construction, investment, transport, consulting, etc., and
businessmen operating in the sectors are on a visit to Saudi
Arabia.
The purpose of the visit, which was organized by SMBDA and
supported by the Embassy of Azerbaijan in Saudi Arabia, is to
expand relations between SME subjects and organizations that
provide support and services to entrepreneurs of both countries,
opportunities to realize joint business and investment projects
with the participation of SMEs, and is a review of the exchange of
experience.
Within the framework of the visit, the first meeting of the
Azerbaijan-Saudi Arabia Joint Business Council was held in Riyadh.
Officials and businessmen from both countries participated in the
meeting organized by the Council of Saudi Chambers, the Ministry of
Investment, and SMBDA.
The meeting heard the possibilities of cooperation between the
business circles of Saudi Arabia and Azerbaijan in the field of
trade and investment, the purpose of establishing the council, and
the visit of the Azerbaijani delegation of businessmen of SMBDA to
Saudi Arabia.
Within the framework of the event, SMBDA and AZPROMO made
presentations about business and investment opportunities of
Azerbaijan, export potential, support and services provided to
local and foreign businessmen, as well as prospects of cooperation
in the field of business and trade by Azerbaijani businessmen.
The Ministry of Investment and Export Development Authority of
Saudi Arabia held presentations on the investment potential of this
country, the opportunities created for businessmen, and the
products and services produced.
In the "B2B" meetings organized after the event, issues such as
the exchange of information and experience, opportunities for
cooperation, the organization of joint events and meetings, and
mutual business missions were discussed between the SMEs of both
countries.
We should note that the Azerbaijan-Saudi Arabia Joint Business
Council was established in December 2022 based on the Agreement
signed between SMBDA and the Council of Saudi Chambers. The
Azerbaijan-Saudi Arabia Joint Business Council, represented by
business representatives from both countries, will support
entrepreneurs' initiatives, help establish direct relations between
them, organize mutual visits, meetings, and various events, and
exchange information between businessmen.
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