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A Ceremony to Sign the Memorandum of Understanding Between the St. Petersburg International Economic Forum and the Jeddah Economic Forum was Held

Wed Oct 21, 2009 12:26pm EDT
A Ceremony to Sign the Memorandum of Understanding Between the St. Petersburg
International Economic Forum and the Jeddah Economic Forum was Held

ST. PETERSBURG, Russia, October 21 /PRNewswire/ -- The signing ceremony
took place during the plenary session of Russia-Saudi Business Forum, held
during the forum exhibition. The exhibition was conducted with the support of
the RF CCI, RADS, the Council Chamber of the Kingdom of Saudi Arabia (KSA),
the Jeddah Chamber, the Embassy of Russia in the KSA, the Consulate General
of Russia in Jeddah, the KSA Embassy in Russia, RF Foreign Ministry, Ministry
of Economic Development of Russia, the St. Petersburg International Economic
Forum Foundation, Representatives of Russia of the Organisation of the
Islamic Conference (OIC), the all-Russia public organization Women in
Business, and the Ministry of Culture of Tatarstan.
http://forumspb.com/eng/news/detail/85/
    The purpose of the Memorandum is to lay the foundation for cooperation
between the St. Petersburg International Economic Forum and the Jeddah
Economic Forum, and aims to develop an ongoing dialogue with the
participation of Russian and Saudi government officials and business
representatives. The Jeddah Economic Forum is held annually and is the
leading platform in the region to discuss issues of economic development and
cooperation.
    Signing of the Memorandum demonstrates that the parties intend to develop
Russo-Saudi dialogue, both at the St. Petersburg International Economic Forum
and at the Jeddah Economic Forum. This event has attracted the attention of
the Saudi business community, which still knows very little about Russia and
its investment opportunities.
    The first Russia-Arab world business dialogue was held in June 2009
during the St. Petersburg International Economic Forum, and was organized by
the Russo-Arab Business Council. The business dialogue aroused great interest
among forum participants and gathered a significant audience. The event was
attended by Amr Al-Dabbagh, the founder and first chairman of the Jeddah
Economic Forum, and currently chairman of the General Investment Organization
of the Kingdom of Saudi Arabia; and Muhammad Mazen Baterdzhi, first
Vice-President of the Jeddah Chamber.
    About the St. Petersburg International Economic Forum:
http://forumspb.com/eng/
    The St. Petersburg International Economic Forum is organized with the
support and involvement of the President of the Russian Federation. Every
year, it brings together world political and business leaders, as well as
representatives of expert community to discuss the most pressing issues of
Russia's and international economy.
    Registration is now open for the next Forum in 2010:
https://reg.forumspb.com/modules/index.php?action=register&project=2010&l
ang=eng
    (Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser's URL address field. Remove the
space if one exists.)
SOURCE  St. Petersburg International Economic Forum Foundation

Head of PR, Irina Sukhova, irina.suhova@forumspb.com, +7-(812)-680-0000



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