The Saudi Austrian Joint Committee concluded its fourth session here today, co-chaired by Ahmed bin Ibrahim Al-Hakami, Deputy Minister of Economy and Planning of the Kingdom of Saudi Arabia and Joseph Mayer, Deputy Minister of Economy, Family and Youths of the Federal Republic of Austria. The two sides expressed satisfaction over the progress witnessed by their countries in the field of mutual investment. Official statements of Saudi Arabia said that as many as 37 investment licenses worth $109.33 million were issued for Austrian investors by the end of 2009, out of which 19 were joint ventures and 18 solely owned by Austrians. The meetings discussed environment protection, meteorology, ways to deal with natural and industrial disasters, transportation, standardization, agriculture, irrigation, electricity and veterinary medicine.
