Top Oz execs embark on Gulf trade mission

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images)

(Getty Images)

Top business people from Australia are set to visit the Gulf region later on Friday as the country embarks on a mission to increase trade and investment.

The delegation of 12 business leaders from some of Australia's top companies will make its first stop in Saudi Arabia, before going on to Abu Dhabi.

The trip has been organised by The Australia Gulf Council, a not-for-profit organisation that aims to further strengthen the multilateral relationship between Australia and the Gulf states.

The high level delegation arrives in Saudi Arabia on Friday for a five-day visit focused on building greater trade ties in key sectors.

Leading the business mission will be former Australian deputy prime minister Mark Vaile, Anna Bligh, former Queensland Premier and Ahmed Fahour, the Australian Special Envoy to the Organisation of The Islamic Cooperation (OIC).

Australia's two-way merchandise trade with Saudi Arabia rose to more than $2bn, with major exports in 2011-12 including passenger motor vehicles, barley, wheat and meat.

Major Australian imports from the Gulf kingdom in 2011-12 included fertilisers and crude petroleum.

Neil Hawkins, Australian Ambassador to Saudi Arabia, said: "The AGC's mission will have the opportunity to appreciate the sheer scale of significant business opportunities available to Australian companies in Saudi Arabia, which is the largest economy in the Gulf."

It is the third time the AGC has been in the region and this week's visit follows other successful delegations which have been in the region strengthening trade and bilateral relations since 2010.

"Our goal is to continue to develop stronger and sustained linkages across the business and government communities in Australia, Saudi Arabia and the UAE," added Jonathan Herps, CEO of the AGC.

"Over the past two years we have worked hard to nurture mutually beneficial relationships between the Gulf States and Australia through our corporate partners and other commercial, government, non-government and diplomatic stakeholders. Our mission is to build on this further with the GCC countries and facilitate increased two-way trade and investment in these key markets for Australia."

Sectors represented on the business mission by chief and senior executives include automotive, agriculture, construction and engineering, education, financial services, food and beverage, transport, telecommunications and tourism.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Concerned for stability, Saudi Arabia tightens curbs on dissent

Concerned for stability, Saudi Arabia tightens curbs on dissent

Gulf kingdom intensifies crackdown on domestic dissent, raising...

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Citizens wonder why oil producer Kuwait is not as dynamic a hub...

4
Saudi dynasty moves to forestall succession crisis

Saudi dynasty moves to forestall succession crisis

Appointment of Prince Muqrin as deputy crown prince is first...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams