The Minister of Trade and Industry, Dr Rob Davies and his Saudi Arabia counterpart, Dr Twafeeq Al Rabeeach will brief the media on the resolutions of the 5th session of the two countries’ Joint Economic Commission (JEC) which is taking place from 18-20 March 2014.
 
The fourth session of the South Africa-Saudi Arabia JEC held in Riyadh, Saudi Arabia in 2012 resolved to increase total trade between the two countries to a targeted R60 billion within the next five years.
 
Details of the briefing are as follows:
 
DATE              : Thursday, 20 March 2014
 
TIME               :  11H30                                 
 
VENUE           : CSIR International Convention Centre
                          Meiring Naude Road, Brummeria
                          Pretoria
 
The two co-chairs of the South Africa–Saudi Arabia Business Council will also provide feedback to the JEC on the outcomes of the Business Forum which took place on Tuesday, 18 March 2014.
 
 
The JEC is co-chaired by the two Ministers and is an initiative agreed upon between the two countries in order to strengthen economic ties, to attract foreign direct investment from Saudi Arabia into South Africa in targeted sectors and to promote sound business-to-business cooperations.   
 
RSVPs should be directed to Charles Mnisi via telephone on 012 394 1721/ 072 523 4886 or e-mail:  Cmnisi@thedti.gov.za
 
Enquiries:
 
Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
Issued by: The Department of Trade and Industry
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