Currencies:
RUB/USD 0,0114
0,0000
BRL/USD 0,1829
0,0013
INR/USD 0,1196
0,0001
CNY/USD 0,1368
0,0000
ZAR/USD 0,5502
0,0003
Weather:
Moscow 23 °C
Brazilia 19 °C
New Delhi 34 °C
Beijing 32 °C
Pretoria 25 °C
Cairo 37 °C
Tehran 36 °C
Abu Dhabi 38 °C
Menu
Broadcast «The language of dance»
23 °C
Moscow
19 °C
Brazilia
19 °C
New Delhi
32 °C
Beijing
25 °C
Pretoria
37 °C
Cairo
36 °C
Tehran
38 °C
Abu Dhabi
RUB/USD
0,0114
0,0000
BRL/USD
0,1829
0,0013
INR/USD
0,1196
0,0001
CNY/USD
0,1368
0,0000
ZAR/USD
0,5502
0,0003
TV BRICS Apps
Home
News
Videos
Podcasts
Menu
15:40 «City of stories»
15:40 «City of stories»
Now 16+
15:40

«City of stories»

16:05 «The language of dance»
Next
16:05

«The language of dance»

16+
16:35

«Personal trainer»

16+
17:00

«BRICSreport»

16+
Иконка с часами 14 minutes 2 sec.
Ambassador of Ethiopia to Russia Uriat Cham Ugala/ “Joining BRICS is a growth opportunity for Ethiopia”
Иконка с часами 20 minutes 11 sec.
Douw Vermaak/ «Relations between Russia and South Africa are getting stronger»
Иконка с часами 8 minutes 22 sec.
Anthony Phiri, Harare Institute of Technology/"The world needs to work together to reduce greenhouse gas emissions"
18.07.2411:54 Society
TV BRICS projects to be available on popular entertainment media resources in the Western Balkans
11.07.2415:35 Society
Ethiopia's largest media holding company joins TV BRICS partner network
09.07.2418:31 Culture
TV BRICS' film Dostoevsky Intercontinental is awarded diploma of International Film Festival Literature and Cinema
South Africa Saudi Arabia
30.01.24 16:16
Economics

South Africa and Saudi Arabia intend to increase bilateral trade and investments

Business Council meeting emphasised the potential of economic relations between the countries


Participants of the South Africa-Saudi Arabia Business Council meeting in Pretoria emphasised the potential of bilateral economic ties.

Speaking at a press conference alongside a delegation of Saudi businessmen, Business Council co-chair Stavros Nicolaou emphasised the importance of growing mutual trade and investment.

From his point of view, the Saudi Arabian market presents huge growth opportunities for South African companies intending to expand their business in the Gulf region. This is reported by Prensa Latina, a partner of TV BRICS.

For his part, Hisham Al Amoudi, Vice Chairman of the Council, reiterated Saudi Arabian commitment to investing in South Africa for mutual benefit as well as supporting South African economic growth. He said that the ongoing investments have a positive impact on the country's GDP.

Among the exported goods are agricultural products, vehicles, basic chemicals, minerals, machinery and electrical equipment. While South African imports consist mainly of refined petroleum and related products and crude oil.

Saudi Arabia is by far the largest investor in South Africa's renewable energy sector. Total Saudi investment in South Africa is estimated at $1.62 billion.

Photo: IStock


Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data

MORE ON THE TOPIC

19.07.2414:17 Economics
Iran's economy to grow by 3.3 per cent in 2024
19.07.2413:30 Economics
The Indian Natural Farming System initiative begins in India
19.07.2410:30 Economics
UAE energy startups attract more funding
18.07.2417:12 Economics
Egypt to allocate US$659 million to the regions' development
17.07.2418:31 Economics
Representatives of the BRICS countries advocate for common geological platform
17.07.2411:45 Economics
Ethiopia's coffee exports generate over US$1.4 billion in revenue
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data