Tuesday, August 11, 2020
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Taiwan seeks power industry ventures

An 18-member Taiwanese trade delegation is on a three-day visit to the Kingdom seeking deals in the energy sector.
Members of the delegation met with top Saudi government and business leaders on Wednesday night at a reception hosted by Lin Jinn Jong, a representative of the Taipei Economic and Cultural Office, at his residence inside the Diplomatic Quarter.
The delegation, led by Jiin-Tyan Lee, arrived on Wednesday.
The Taiwanese envoy thanked the business leaders, led by Abdulrahman Al-Jeraisy, chairman of the Riyadh Chamber of Commerce and Industry (RCCI), for attending the event.
He said Taiwan has long-standing bilateral ties with the Kingdom, with many Taiwanese products sold locally.
Al-Jeraisy commended the delegation for seeking deals in the power industry.
“You’ve come at a time when the Saudi economy is booming. There are many projects in the power sector that have been undertaken. In this connection, you’ve come a bit late,” he said.
He said that countries have locked up business ventures in Saudi Arabia.
“But there’s still much that could be done. The market is big and I hope that you will forge cooperation with local partners in the power industry,” he said.
Other business leaders present included Abdullah S. Bahamdan, chairman of Bahamdan Group Holdings Co.; Abdulrahman Al-Ankari, chief executive officer of Petromas Energy and Environment Co. Ltd.; Abdullah M. Almohanna, SANIB vice president; and Khalid Fahad Al-Boayz, KFB Holding group president.