Apr 27 2010 |
more articles from
|
Benin offers agricultural investment to Saudi Arabia
DAMMAM - Benin, one of Africa's most stable democracies, is offering agricultural investment to Saudi Arabia, particularly in the areas of rice, cotton, vegetable oil, and nuts production, a trade delegation from that country who met with Saudi businessmen at the Asharqia Chamber of Commerce and Industry said here Monday."Our country has rich agricultural resources, which could provide steady food security to Saudi Arabia," said Akinde Rene Robert, head of the delegation. Benin is one of the major sources of cotton to the Saudi market, exporting to the Kingdom 200,000 tons in 2009.
In 2008, Saudi imported nearly SR.300 million worth of cotton. Cotton products represent 90 percent of Benin's total agricultural products export.
"Benin could be considered a suitable place for the development of farm projects in cooperation between companies of the two countries," Robert added.
Robert said the mission is visiting the Kingdom to offer other investment prospects in Benin, in addition to agriculture, such as in the construction, transport, and telecommunication sectors and seaport operation.
"We want to expand our economic ties with Kingdom, and the eight years that diplomatic ties have been ongoing between our two countries have been very significant and fruitful," said Daouda Wabi, the ambassador Benin to Saudi Arabia.
According to the Wabi, there is no significant investments yet of Saudi Arabia in Benin.
"One significant relation we have achieved so far is the presence of some 1,000 Beninese students in Saudi Arabia who are enrolled in various universities taking up Islamic studies, medicine, business and law, "the ambassador said.
He said the Beninese students have been provided full scholarship program by the Saudi government.
Benin, formerly known as Dahomey, has strong civil society and a proliferation of political parties. The country, however, is yet to further improve its economy, particularly its infrastructures. Being severely underdeveloped, corruption is also rampant in both the public and private sectors.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment