site.btaBulgarian-Saudi Business Chamber Established in Sofia

A Bulgarian-Saudi Business Chamber was established in Sofia on June 29. Dimitar Abadjiev, who was Bulgaria's first ambassador to Saudi Arabia, assumed office as President of the Chamber.

"The Bulgarian-Saudi Business Chamber will intermediate for the entry of Bulgarian companies in the Saudi market," the politician and diplomat said.

"Bulgaria has a huge potential in a number of sectors. Our guests here today represent various Bulgarian and Saudi production spheres, and I believe that they will all find a loyal patrner in a future collaboration," Abadjiev said.

In his words, the principal objective of the Chamber is to promote intermediation for a broader presence of Bulgarian companies on the Saudi market. Another objective is to help Saudi companies enter various industries in Bulgaria, he explained.

"Diplomats representing various countries, leading Bulgarian businessmen and entrepreneurs from Saudi Arabia are here today, and I personally see an excellent opportunity for potential successful partnerships among all those present and interested from the various business spheres," said Saudi diplomat Nuredin Riazhi, President of the Association for Bulgarian-African and European Cooperation.

In his words, the latest contract signed between Saudi Arabia and a foreign trade corporation was worth USD 470 billion.

"Each one of you has such an opportunity to conclude an agreement on import or export of various products with my country. Saudi Arabia guarantees its trade obligations and secure joint business profits," Riazhi added. "Potential partnerships with the Arab World will give all interested entrepreneurs worthwhile chances to revive their businesses."

The idea to set up the Bulgarian-Saudi Business Chamber came from Bulgarian Mineral Water Chamber President Tsvetelina Lukarska.

She said that Bulgarian-Saudi Business Chamber President Dimitar Abadjiev has valuable contacts in the Arab world and is a fine politician and diplomat.

Attending Thursday's event were Saudi, Qatari and Kuwaiti diplomats, representatives of various branch organizations and associations, Arab businessmen and Bulgarian entrepreneurs.