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Team to discuss Manila-Riyadh joint ventures
By Joe Avancena
Published in The Saudi Gazette on 17 - 10 - 2009


A follow-up
team from the Philippines is
visiting Riyadh and Eastern
Province on Nov. 17 and Nov.
18, respectively, to discuss economic
development projects
agreed upon between Saudi
Arabia and the Philippines
during the state visit of President
Gloria Macapagal Arroyo
to the Kingdom last Sept. 20-
23.
During the visit of Arroyo,
she held a series of meetings
with leading businessmen in
the Eastern Province, Riyadh
and Jeddah on how to expand
trade and investment cooperation
between the two countries.
The visit of the follow-up
team will focus on the agreed
areas of investment collaboration
between the two countries;
these are mostly joint
ventures in agriculture, infrastructure
and processing zones
development, collaboration in
construction projects, human
resource training, and tourism,
Paisal D. Abdulla, head of the
Trade and Investment Center,
Philippine Consulate in Jeddah,
said.
The follow-up team is
headed by Elmer C. Hernandez,
Department of Trade and
Industry vice minister for investment
and deputy managing
director of the Board of
Investment.
As requested by the Saudi
business leaders during their
meeting with Arroyo, they
asked that they be linked to a
high-ranking Philippine government
offi cial who will solely
handle and decide on investment
cooperation between the
two countries.
Abdulla said that Hernandez
has been designated to be
the link in fostering investment
collaboration between Manila
and Riyadh. Hernandez will
meet with the group of Sheikh
Hamad A. Al-Zamil in Eastern
Province and with the Al


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