Poland to Set Up Permanent Trade Office in Riyadh

by shariff mohammed | Nov 08, 2016
Poland will set up a permanent trade office in Saudi Arabia to help establish business contacts between the companies of the two countries. This was disclosed by Mr. Adam Brożek, Director of International Cooperation Department of the Polish Ministry of Economic Development in a meeting at Asharqia Chamber.

Mr. Brożek was leading a Polish trade delegation to the Kingdom’s Eastern Province, which was received by Mr. Najeev A. Saihati, Board Member of Asharqia Chamber.  Mr. Brożek stressed the importance of frequent reciprocal visits of trade missions between Saudi Arabia and Poland saying that the permanent Polish trade office in Riyadh would facilitate these visits. The new Polish trade office is expected to come up by early next year.

Poland has much to offer to the Kingdom from industrial machinery to food and agricultural products said Mr. Brożek adding that Saudi Vision 2030 has opened up new opportunities for the Polish companies. “We have also an identical vision, so that there is scope of sharing experience and knowledge in this context,” he observed.

Polish ambassador to the Kingdom Mr. Witold Smidowski noted potential cooperation in the fields of Kingdom’s oil, gas and petrochemical industries which are mostly based in the Eastern Province. He dubbed the Eastern Province a hub of world-class industrial activities.

Mr. Abdulrahman A. Al-Wabel, Secretary General of Asharqia Chamber, was present on the occasion. Also present were Mr.  Janusz Wiśniewski, Deputy Chairman of the Polish Chamber of Commerce and Mr. Antoni Mielniczuk, President of the Polish-Saudi Business Council.

Mr. A. Saihati said that the Polish trade delegation was visiting the Kingdom at an opportune time when Saudi government has got into work on an ambitious program—the Saudi Vision 2030, which aims to diversify the Saudi economy away from hydrocarbons opening up ample opportunities for foreign companies to collaborate with their Saudi counterparts to develop the Kingdom’s non-oil industrial sectors.

He urged Polish companies to look into possibility of setting up manufacturing bases for their products through transfer of technology.  “Establishing production facilities in the Kingdom has become a preferred choice for foreign firms since Saudi government has liberalized its economy conspicuously offering a package of incentives to overseas investors,” observed Mr A. Saihati.              

He focused on growing relations between the two countries saying that Saudi-Polish relations took a new turn after the visit of the then Polish Prime Minister Mr. Donald Tusk in 2012. And the subsequent visits of former Polish President Mr. Bronislaw Kamorroski in 2013 and former Polish Deputy Prime Minister Mr. Tomasz Siemoniak in 2014 bolstered further the bilateral relations between the two countries, he said. 

In the wake of growing relations, bilateral trade between Saudi Arabia and Poland, according to an estimate, reached over $1.7 billion last year.  Of which, Saudi exports to Poland were estimated at around $700 million while Saudi imports from Poland were valued at about $1 billion.

Mr. A. Saihati indicated that there is room for further enhancement in bilateral trade since both countries have much to offer each other. Saudi Arabia has abundant oil, chemical and petrochemical products to supply to Poland while Poland has many agricultural goods such as wheat, apples and other industrial products and machinery to market in the Kingdom.

Polish delegation represented a range of products and services in the areas of oil & gas, drilling services, petrochemicals, power generation and other manufacturing industries. 

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