Hungarian Business Council in Saudi Arabia; a memorandum of understanding between the Hungarian National Council for Trade and the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries; and an agreement for cooperation between the Centennial Fund and the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries. Moreover, 10 cooperation agreements were signed between Hungarian and Arab companies, including an agreement to enhance and expand relations of trade cooperation between the two sides, an agreement to establish a commercial tower in Jeddah, an agreement to expand the Hungarian production of cheese in order to be exported to Arab markets, and an agreement to cooperate in the field of Tourism between Saudi Arabia and Hungary.
