27 May 2014
RIYADH - The 42th Cameroonian National Day was celebrated on May 20, with Saudi Arabia represented by Abdallah Al Qarni, Assistant Secretary of State of the Governorate of Riyadh at the reception offered by the Ambassador of Cameroon in Saudi Arabia Iya Tidjani.
Cameroon is located on the west coast of Africa bordered to the west by the Gulf of Guinea, to the northwest by Nigeria, to the northeast by Chad, to the east by the Central African Republic and to the South by Congo, Gabon and Equatorial Guinea.
Cameroon is the symbol of institutional stability with an economy in constant progress in an open and democratic society. It has a favorable business environment. The Investment Charter is one of the key legal incentives for business in Cameroon.
The economy is based on agriculture, oil production and a sizeable food processing industry, mining, aluminum production and tourism.
Cameroon produces cocoa, coffee, tea, cotton, banana, rubber, palm oil, sugar. It exploits oil, natural gas, bauxite, iron, gold, diamond, sapphire, cobalt, nickel and other minerals.
Other avenues as agriculture and economy need to be explored. Cooperation in these areas already exists but needs to be diversified.
Cameroon has provided in its investment Charter several measures of facilitation of the implantation of foreign investors which could benefit the Saudi investors.
By their commitment to international peace and security and their deeply belief in the virtues of multilateralism, the Republic of Cameroon and the Kingdom of Saudi Arabia established diplomatic relations in 1961 which are marked since then by the accreditation of successive Ambassadors of Cameroon in Riyadh and the Ambassadors of Saudi Arabia in Yaoundé.
The relations between the two countries have grown over the years. Nearly fifty Cameroonians are enrolled in Arabic language and religion courses in Islamic universities in Medina and Riyadh.
Several social and industrial achievements are financed by Saudi Funding Development.
The volume of Saudi investments in Cameroon is around SR250 million. Cameroon imported SR21 million in 2009, SR82 million in 2010 and SR63, 5 million in 2011 from Saudi Arabia.
Cameroon exportations to Saudi Arabia were SR11 million in 2009, SR7 million in 2010 and SR8 million in 2011.
The tourist traffic between Cameroon and Saudi Arabia is at an appreciable level. These last few years, nearly 6000 Cameroonian tourists visited the Kingdom mainly for religious reasons. On Saudi side, there is a real excitement to the tourists performing the movement in Cameroon especially to hunt.
RIYADH - The 42th Cameroonian National Day was celebrated on May 20, with Saudi Arabia represented by Abdallah Al Qarni, Assistant Secretary of State of the Governorate of Riyadh at the reception offered by the Ambassador of Cameroon in Saudi Arabia Iya Tidjani.
Cameroon is located on the west coast of Africa bordered to the west by the Gulf of Guinea, to the northwest by Nigeria, to the northeast by Chad, to the east by the Central African Republic and to the South by Congo, Gabon and Equatorial Guinea.
Cameroon is the symbol of institutional stability with an economy in constant progress in an open and democratic society. It has a favorable business environment. The Investment Charter is one of the key legal incentives for business in Cameroon.
The economy is based on agriculture, oil production and a sizeable food processing industry, mining, aluminum production and tourism.
Cameroon produces cocoa, coffee, tea, cotton, banana, rubber, palm oil, sugar. It exploits oil, natural gas, bauxite, iron, gold, diamond, sapphire, cobalt, nickel and other minerals.
Other avenues as agriculture and economy need to be explored. Cooperation in these areas already exists but needs to be diversified.
Cameroon has provided in its investment Charter several measures of facilitation of the implantation of foreign investors which could benefit the Saudi investors.
By their commitment to international peace and security and their deeply belief in the virtues of multilateralism, the Republic of Cameroon and the Kingdom of Saudi Arabia established diplomatic relations in 1961 which are marked since then by the accreditation of successive Ambassadors of Cameroon in Riyadh and the Ambassadors of Saudi Arabia in Yaoundé.
The relations between the two countries have grown over the years. Nearly fifty Cameroonians are enrolled in Arabic language and religion courses in Islamic universities in Medina and Riyadh.
Several social and industrial achievements are financed by Saudi Funding Development.
The volume of Saudi investments in Cameroon is around SR250 million. Cameroon imported SR21 million in 2009, SR82 million in 2010 and SR63, 5 million in 2011 from Saudi Arabia.
Cameroon exportations to Saudi Arabia were SR11 million in 2009, SR7 million in 2010 and SR8 million in 2011.
The tourist traffic between Cameroon and Saudi Arabia is at an appreciable level. These last few years, nearly 6000 Cameroonian tourists visited the Kingdom mainly for religious reasons. On Saudi side, there is a real excitement to the tourists performing the movement in Cameroon especially to hunt.
© The Saudi Gazette 2014
