UAE firms make US $27m in export deals
Saudibuild 2010 exhibition created a number of business opportunities
UAE-based firms closed US $27 million in export deals for delivery in 2011 at the recent SaudiBuild 2010 exhibition.
The firms, based in construction, building and real estate were supported by the Dubai Export Development Corporation (EDC), an agency of the Dubai Department of Economic Development. The corporation organised “matchmaking” events with 25 Saudi Arabian buyers, which resulted in 30 business leads, according to reports in The Khaleej Times.
“EDC’s participation at the show supports UAE companies in expanding their presence and increasing export opportunities in regional markets such as Saudi Arabia, which is one of the top destinations for Dubai exports,” said EDC CEO Saed Al Awadi.
“Through this exhibition, we are strengthening our trade relations with Saudi Arabia.”
According to EDC’s Dubai Export Monitor, direct exports and re-exports to Saudi Arabia in 2009 posted AED 2.1 billion and AED 3.3 billion respectively.
