Official: Saudi Arabia holds great export potential for Hungary

Int’l Relations

Kingdom Tower at night. (Photo: Wikimedia Commons/BroadArrow)

Saudi Arabian officials see great potential in importing Hungarian products to the country, state secretary of the Ministry of Foreign Affairs and Trade Lászlo Szabó told Hungarian news agency MTI yesterday.

Kingdom Tower at night. (Photo: Wikimedia Commons/BroadArrow)

Szabó and his delegation arrived for a two-day official visit to Riyadh, where he conducted talks with Mohammed bin Abdulrahman bin Soliman al-Meshal, head of the Saudi Food and Drug Authority on future exports of Hungarian beef. 

Szabó noted that Hungarian dairy company Kőröstej controls one-third of the market for cheese in Saudi Arabia.

The Hungarian delegation also held talks with Turki bin Saud bin Mohammad Al Saud, chairman of the King Abdulaziz Science and Technology Center on possible cooperation with Hungarian scientists in the areas of nanotechnology, neuroscience as well as research related to the oil industry.

Szabó attended the second meeting of the Hungarian-Saudi Joint Economic Committee to discuss the possibility of cooperation in farming, R&D, education, sports and renewable energy. The two governments signed an agreement in infocommunication, he added.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.