Juffali, in a speech on behalf of Saudi businessmen, praised the economic and commercial cooperation between the Kingdom of Saudi Arabia and Germany, which reached record figures showing that investments endorsed by the Saudi Arabian General Investment Authority (SAGIA) reached about six billion Euros. This is in addition to Saudi investments in German companies and real estate, mostly in the form of shares, that have not been included in the statistics. He also expressed Saudi businessmen's desire to encourage mutual visits between the two countries, which could form an incentive to reach further agreements in support of joint investment and trade between the two countries. He urged businessmen on both sides to take advantage of the numerous opportunities available in the Kingdom due to the huge projects which are under implementation. He also noted that many in the private sector are in the need to import German technical know-how, especially in the fields of railways, electricity, water desalination, petrochemicals and construction. --MORE
