Seven documents on cooperation were signed within the Azerbaijan-Saudi Arabia business forum in Baku, Report informs.
The Federation of Saudi Arabian Chambers and the Small and Medium Business Development Agency (KOBIA) under the Economy Ministry of Azerbaijan signed an agreement on establishing a joint Azerbaijan-Saudi Business Council.
The task of the council is to discuss the general state and future directions of bilateral trade and economic cooperation between Azerbaijan and Saudi Arabia, support the initiatives of the business circles of the two countries in the development of bilateral trade and economic cooperation, and consider the problems of bilateral trade and economic cooperation. The Business Council will promote the establishment of direct partnerships between business entities of both countries, including SMEs, to assist in organizing visits, meetings, seminars, round tables, and participation of enterprises in exhibitions and fairs held in both countries.
The council will also promote the exchange and dissemination of commercial, trade-economic, scientific, technological, advertising and other information that may be useful in economic relations between Azerbaijan and Saudi Arabia.
The Saudi company FlyNas signed memorandums of understanding with Azerbaijani companies Alines Tours, Fovero Tours and Khazar Travel.
A Memorandum of Understanding has been signed between the Saudi company ARCO for human resources and the Azerbaijani Employment Agency of Azerbaijan (HR Cell).
A Memorandum of Understanding was signed between the Saudi company Albawani Co and the Azerbaijani North West Construction LLC, which provides for cooperation in the field of contracting, construction and industry of the two countries.
A Memorandum of Understanding was signed between the Saudi company A. Alrabiah Consulting Engineers and Azerbaijan's Technicon Engineers Consulting, which involves the provision of engineering services in technical areas.
Cooperation is also planned between the Saudi Al Suwaiket and Al Busaiyes Lawyers and Legal Consultants Co. and Azerbaijan's Black Garden investment and corporate advisory aimed at providing investors with legal services and business support in Saudi Arabia and Azerbaijan.