Yemeni-Saudi economic trade relations to expand [Archives:2005/842/Business & Economy]

May 16 2005

A symposium recently held in the city of Aden has recommended the necessity of developing and enhancing the economic and trade relations with Saudi Arabia given that both Yemen and Saudi Arabia constitute powerful economic forces due to large populations. This gives a spacious area for trade exchange especially for industrialized products and goods in the two countries.

The symposium also praised the volume of the two countries trade exchange that amounted to YR 61 billion in this year with a possibility to increase and reach higher levels in the foreseeable future.

Taking part in the symposium was Mr Yousuf Abdullah al-Awhali, senior industrial specialist in the Saudi exports program at the Saudi Fund for Development.

Mr al-Awhali reviewed goals of the program and its role in developing economic and trade relations as well as extending the area of exports of both countries' various products. The aim of that, added Mr al-Awhali, was to realize financial stability through meeting Saudi and Yemeni exporters' and importers' needs and offering them various kinds of facilities and services according to the program's principles.