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KINGDOM, AUSTRIA MAINTAIN STRONG TRADE TIES
Riyadh, 27 February 2001

SAUDI ARABIA IS THE BIGGEST AUSTRIAN EXPORT MARKET IN THE MIDDLE EAST, ACCORDING TO WALTER FRIEDL, THE AUSTRIAN CONSUL AND COMMERCIAL COUNSELOR.

IN A STATEMENT TO THE JEDDAH-BASED SAUDI GAZETTE, HE SAID AUSTRIA IS TRYING TO BOOST TRADE WITH THE KINGDOM OF SAUDI ARABIA BY INFORMING SAUDI BUSINESSMEN OF THE AVAILABILITY OF AUSTRIAN PRODUCTS AND TECHNOLOGY AND ALSO PROVIDING INFORMATION ABOUT THE AUSTRIAN MARKET.

'SO FAR, ONLY A FEW AUSTRIAN COMPANIES HAVE MADE DIRECT INVESTMENT IN THE KINGDOM. HOWEVER, IT IS EXPECTED THAT SOME COMPANIES WILL INVEST IN THE NEAR FUTURE AS A RESULT OF THE KINGDOM'S NEW INVESTMENT LAW,' HE ADDED.

AUSTRIAN EXPORTS TO THE KINGDOM IN 1999 STOOD AT SR 500 MILLION, WHILE AUSTRIAN IMPORTS FROM THE KINGDOM IN THE SAME YEAR TOTALED SR 220 MILLION. THE AUSTRIAN CONSUL SAID TRADITIONAL AUSTRIAN EXPORTS TO THE KINGDOM INCLUDED ALL KINDS OF PAPER, TIMBER FOR CONSTRUCTION AND FURNITURE, SPECIAL OFF-ROAD STEYR JEEPS AND TRUCKS, A LARGE VARIETY OF MACHINES, TRANSFORMERS FOR POWER TRANSMISSIONS, ANTIBIOTICS, HIGH-CLASS FURNITURE, SHOP FITTINGS AND FRUIT JUICES.

HE NOTED THAT THE HOLY QURAN IS PRINTED ON AUSTRIAN PAPER, ADDING THAT AUSTRIAN CRYSTAL CHANDELIERS ARE VERY WELL-KNOWN IN THE KINGDOM AND CAN BE ADMIRED AT THE TWO HOLY MOSQUES IN MAKKAH AND MADINAH.

HE DISCLOSED THAT AUSTRIA'S DOPPELMAYR COMPANY CONTRIBUTED TO THE GROWING TOURISM INDUSTRY IN SAUDI ARABIA BY INSTALLING CABLE CARS THAT GO DOWN TO THE SHEER CLIFF-FACE IN HABALA, ASIR.
SOURCE: SPA

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