Romanian-Saudi Arabia eight-month trade totaled $ 121m, below expectations

Romania and Saudi Arabia should focus on large projects, the official believes. Dimitriu noted Romania’s economy is undergoing a deep upgrading process, based on attracting investments and foreign capitals.

Trade between the two countries stood at 170 million U.S. dollars last year. In 2005 bilateral trade totaled 150 million U.S. dollars. Dimitriu explained a Saudi-Romanian bank in Romania could ease trade between the two.

Saudi investors spent money on the Romanian infrastructure, the petrochemical industry, the banking industry and tourism. Saudi Arabia is interested in collaborating in the research and education area, a member of the Shura Council (Saudi Arabia’s Senate) said.