Saudi Arabia - Belgium Business Forum “Vision 2030: Towards a Smart Partnership”

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Delegation Arabie Saoudite Business forum

On 21 November 2017, the Arab-Belgian-Luxembourg Chamber of Commerce, in collaboration with the Council of Saudi Chambers and AGORIA, had the pleasure to welcome a delegation of businessmen from Saudi Arabia.

On this occasion, the ABLCC organized a Business Forum, followed by a lunch in presence of the delegation and B2B meetings.

Mr. Johan BEERLANDT, Chairman of the Arab-Belgian-Luxembourg Chamber of Commerce, and Sheikh Hassan Isam AL KABBANI, Honorary Consul of Belgium in Saudi Arabia, opened this Business Forum by welcoming nearly 100 participants.

Mr. Johan BEERLANDT stressed the importance of the relations with Saudi Arabia at both European and Belgian level. Saudi Arabia is the first trading partner for the European Union as regards trade with Arab countries

AS FAR AS BELGIUM IS CONCERNED, BELGIAN IMPORTS FROM SAUDI ARABIA HAVE SEEN A 40% INCREASE! INDEED, BELGIAN IMPORTS ROSE FROM 1.5 BILLION EUR IN 2014 TO 2.2 BILLION EUR IN 2016, WHICH SHOWS A POSITIVE AND ENCOURAGING EVOLUTION FOR THE FUTURE.
Johan Beerlandt, Chairman, ABLCC

Sheikh Hassan Isam AL KABBANI took this opportunity to highlight the prosperous international relationships of Belgium. Thanks to its economy and its investment environment, Belgium attracted about 33 billion dollars of foreign investment in 2016 and represents 21.3% of the total exports of the EU. Belgium is also the 10th country importing from Saudi Arabia.

Although both countries can already be proud of these figures, Belgium and Saudi Arabia will unite their efforts to enhance total foreign trade between them.

Delegation Arabie Saoudite

As regards the seminar per see, Mr. Ziad AL SUBBALY, Marketing specialist, Saudi Export Program, gave an in-depth presentation on the Saudi Export Program. Among other things, he underlined the non-oil sectors growth in Saudi Arabia during these last years.

Thanks to the intervention of Mr. Basem ALSALLOM, Deputy Governor, Saudi Arabia General Investment (SAGIA), the attendees were given a comprehensive presentation on Saudi Arabia economic context and opportunities, and more precisely on its Vision 2030.

WE INVITE BELGIAN BUSINESS OWNERS TO PARTICIPATE IN THE IMPLEMENTATION OF THE INVESTMENT PROGRAMS EMBODIED IN THE VISION 2030 OF THE KINGDOM OF SAUDI ARABIA, WHICH INCLUDED MANY COMMERCIAL AND INVESTMENT OPPORTUNITIES SUITABLE FOR BELGIAN BUSINESSMEN IN VARIOUS FIELDS: HIGH TECHNOLOGY, TRANSPORTS, LOGISTICS, ICT, HEALTH, AND EDUCATION.
Sheikh Hassan Isam Al Kabbani, Honorary Consul of Belgium in Saudi Arabia

The ensuing question-time highlighted the genuine interest of Belgian entrepreneurs for the new vision 2030 and the Saudi Market!

After the Business Forum, participants could enjoy a lunch in presence of the Saudi Business Delegation and nurture their relationships.

To bring this interesting day to a close, the attendees had the chance to take part to particularly fruitful B2B Meetings with the Saudi Business Delegation.

This day demonstrated the common will of the two Kingdoms to expand their partnership!

Site Visit at SABIC & Meeting with VOKA Limburg CCI

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Saudi Businessmen Delegation Sabic

On the occasion of the visit of a Saudi Business Delegation to Belgium, the Arab-Belgian-Luxembourg Chamber of Commerce, in collaboration with the Council of Saudi Chambers, was delighted to organize a site visit to SABIC, followed by a meeting to VOKA – Limburg Chamber of Commerce. The delegation was headed by Sheikh Hassan Isam Al Kabbani, Honorary Consul of Belgium in Saudi Arabia.

The first visit was the occasion for the Delegation to learn more on the activities of SABIC in Europe. Indeed, Mr. Marc COUN, Site Manager Genk, presented the various sites of production and the efficient safety policy of SABIC.

To conclude this interesting morning, the delegation took part to a plant tour and discovered the whole chain of production, which has undergone major improvement lately, and is now a remarkable example of automated production.

Saudi Businessmen delegation

The Delegation then headed to Hasselt to meet Mrs. Cathérine DREESEN, Director International Trade and Innovation at VOKA Limburg CCI.

After a lunch-break, the delegation was keen to get to know more on the province of Limburg thanks to the intervention of Mr. Aleksandr NATANELOV, Business Development Manager.

The presentations of Mr. Basem ALSALLOM, Deputy Governor at SAGIA (Saudi Arabia General Investment) and Mr. Ziad AL SUBBALY, Marketing specialist for the Saudi Export Program, were deeply appreciated and led to a constructive and enlightening discussion.

To bring this meeting to an end, each member of the delegation enjoyed a networking coffee in Limburg style.

IMPORT-EXPORT CLUB 2017 : GCC Countries

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Club import export GCC

On Friday, 20 October 2017, Mr. Qaisar HIJAZIN, General Secretary at the Arab-Belgian-Luxembourg Chamber of Commerce, was delighted to lead a working-group on “doing business with GCC countries” on the occasion of the 4th encounter of the Import-Export Club, organized by the Chamber of Commerce and Industry of Walloon Brabant.

In this respect, the participants were delighted to get to know more on the services made available to them by the ABLCC to assist them in planning, developing, and managing their business in Arab countries and, in this case, in the GCC.

Participants, were also keen to learn more on the economic context of the GCC countries.

To bring this interesting meeting to a close, participants discovered the newly renovated premises of Schoeps and its packaging line.

أداء الاقتصاد البلجيكي والتوقعات لعام 2018

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Belgian Economy 2018

لمحة عن الاقتصاد العالمي

توقع صندوق النقد الدولي في شهر تموز/يوليو ان يتعزز الاقتصاد العالمي وأن تبلغ نسبة نموه 3.5٪ عام 2017 و3.6٪ عام 2018، غير أنه سيتباطأ في ذات الوقت في الولايات المتحدة حيث تراجعت التوقعات لعامي 2017 و2018 من 2.3٪ و2.5٪ على التوالي إلى 2.1٪ خلال السنتين المعنيتين. أما فيما يتعلق بالصين، فقد تم تعديل التوقعات قليلا إلى 6.7٪ (أي بزيادة 0.1) هذا العام و6.4٪ (بزيادة 0.2) عام 2018 بفضل تحقيق مستوى نشاط اقتصادي أقوى من المتوقع في الربع الأول من العام ونتيجة الإجراءات والإصلاحات اقتصادية.

2nd Annual Iraqi – European Business and Investment Forum

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On 17-18 May 2017, the ABLCC participated in the “2nd Annual Iraqi – European Business & Investment Forum” organized by the Arab-Hellenic Chamber of Commerce & Development in Athens.

This “2nd Annual Iraqi-European Forum” was under the auspices of the President of Iraq, the Ministries of Economy and Development and of Foreign Affairs of Greece, the Union of Arab Chambers and the Federation of Iraqi Chambers of Commerce, with the contribution and support of Baghdad Chamber of Commerce along with the Representation of the European Commission in Greece, Al-Bilad Bank of Iraq and the Arab-European Joint Chambers as supporting organizations.

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The three sessions started with “Iraq’s Investment Opportunities”, which were presented by highlevel Iraqi speakers, followed by “Iraq’s Oil, Gas and Sustainable Energy Sectors” and the third session on “Potential for Infrastructure Projects in Iraq”, which was moderated by Mr. Qaisar Hijazin, Secretary General of the Arab-Belgian-Luxembourg Chamber of Commerce.

The last two sessions were presented by high-level Iraqi, Greek and European speakers, outlining the potential of these sectors in light of the fact that Iraq is heading towards a new era of security, stability and reconstruction.

It is worth mentioning that the participants in this Forum exceeded in number the ones in the previous Iraqi Forum that was held back in April 2016.

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