Saudi- European Forum to Discuss Investment Opportunities in Camel Sector

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal
The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal

Seven companies from Belgium and Luxembourg specializing in health, events and horses present their investment capabilities and opportunities with the International Camel Organization and the Camel Club through a forum that includes Saudi businessmen, affiliates of the Chambers of Commerce and local camel owners, organized by the Camel Club.

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal
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The European-Saudi Trade Forum for Investors in the Camel Sector, which will be launched tomorrow, will discuss options for work, cooperation, project creation and exchange of experiences within the framework of the official economic and trade mission to the Kingdom of Saudi Arabia, organized by the Kingdom of Belgium and the Grand Duchy of Luxembourg.

Chairman of the Board of Directors of the Camel Club and Chairman of the Board of Directors of the International Camel Organization Fahd bin Falah bin Hathleen said that the camel sector is growing rapidly, pointing out that King Abdulaziz Camel Festival achieved popularity with participation of more than 2,000 camel owners, and increased the buying and selling processes by about 30% over the previous years.

The forum aims to develop partnerships between the Belgian and Saudi private sectors in various activities related to camels, which will be reflected in the development of the sector.

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