I hope you have had enjoyable Eid-holidays and a happy national day! As we all returned to office we at GESALO had a great many things to get underway to ensure a successful October. We will host the workshop “Solutions to Environmental Problems in the Saudi Arabian Water Sector” at the beginning of the month, and this will be followed by an economic delegation from Germany on 10th to 12th October. The latter will travel through the Eastern Province and engage in B-to-B negotiations with carefully selected Saudi Arabian companies within the renewable energy sector. Of course, our own GESALO staff will accompany the delegation to guarantee a swift course of events and stress-free talks.
I will also be travelling to Germany to attend to several meetings and presentations. I especially look forward to visiting the Global Connect in Stuttgart, an international forum that provides companies with answers to all questions relating to international trade. Another interesting event I am happy to take part in will be the 1st Saudi-German Forum for Sustainable Business in Hamburg on 20th October. I am looking forward to a fruitful exchange of expertise and perspectives.
We are expecting a busy and eventful October to come!
Please view the events section on our webpage in case you wish to take part in any of these gatherings, either in Germany or here in the Gulf region.
Have a good start into the new month!
With best regards from Riyadh,
Delegate of German Industry & Commerce for Saudi Arabia, Bahrain and Yemen
1. GESALO Warning
BEWARE OF SCAM
In the recent past a financial scam has been appearing in heightened frequency.
An email scam’s general nature: Usually it is some sort of investment offer, always including a pay first then service procedure. It often involves special circumstances (e.g. family grievances) that explain the favorable conditions of the offer. The offer and the offering party however are fabricated and paid money is generally very difficult to retrieve. First signs: imprecise content in regard to the addressed company, sketchy email addresses and spelling mistakes/translation deficiencies.
The Investment Fee Scam
The investment fee scam is a little more elaborate. The imposters pretend to be licensed procurement agents of a government body or representatives of a registered company, and claim that in order to proceed with the planned investment, fees for registrations or other seemingly official use have to be paid. There is nearly always a tight schedule involved. The contacted companies are usually in the middle or at the beginning of a commercial engagement in the Gulf region. The addressed companies are carefully researched and so the fee charges seem legitimate at first glance. However, the licenses and registrations are faked.
We strongly discourage anyone who has doubts doubt from paying any fee or engaging in a too-good-to-be true- investment opportunity hastily and without thorough reinsurance!
If in doubt – we offer assistance in ascertaining the validity of any suspicious propositions.
2. Upcoming events in Germany with GESALO participation
The German Chambers of Commerce are hosting events on Saudi-Arabia’s economic developments, market potentials and the “Vision 2030”. The GESALO Delegate Oliver Oehms or the Head of DE International Mr. Anton Bondarew will present facts and figures on the matter and answer individual questions and inquiries. The events will primarily be held in German.
· Please click here for more information on the 5. IHK-Exportforum Rheinland- Pfalz / Saarland
· Please click here for more information on IHK event in Essen
3. The GESALO Trade Fairs
Our Trade Fairs team is working hard to ensure a large Saudi Arabian company representation at various trade fairs in Germany in September. Visitors and fair participants are provided with customized programs and services to maximize their success. If you are interested in attending one of the listed fairs, please don’t hesitate to contact our department for trade fairs.
11-13 Oct. Nuremberg
Chelventa - Innovation and trends from the energy efficiency - heat pumps - refrigeration sector
25-29 Oct. Hanover
EuroBLECH – The world’s largest trade fair for sheet metal-working technology
4. The GESALO Medical Assistance
We are also providing services to facilitate medical treatment of Saudi Arabian citizens in Germany - We can help to ensure the optimal, customized treatment for your requirements and needs. If you have any questions regarding our medical assistance package, please don’t hesitate to contact us.
For more information please click here
5. The GESALO business news recommendation
In the context of the GESALO-hosted presentation and press conference introducing the world's leading trade fair for architecture, materials and systems - BAU from Tuesday 27th September Fahad Mohammed Al-Hammady, chairman of the National Committee for Contractors at the Council of Saudi Chambers (CSC), revealed that the Kingdom executes $300bn worth of construction projects, thus defying regional recession.
'The situation will become better in near future.'
'German-Saudi Arabian small arms dispute: Heckler & Koch stalled spare-parts shipment'
'Saudi Aramco eyes $334bn investment by 2025'
'Creation of 500.000 jobs planned'
'$1.3 trillion boost: Vision 2030 to spur trade and finance'
'Oil price stability: Russian-Saudi Arabian Agreement'
'Oil prices rise 6% after Opec agrees to limit crude output
'Saudi Arabia will go along with freeze if all oil producers agree'
'Ministers’ pay cut by 20% read more'
'Subsidies on seven services to go on October 2nd'
6. The GESALO Media Kit 2016
The GESALO proudly presents its Media Kit including interesting promotion packages!
Please click here to view your new advertisement options!
7.The GESALO Publications
Please click here for more information.
8. The GESALO Calendar of Events
We are organizing or taking part in a great variety of events in Germany, Saudi Arabia and Bahrain.
Please view the events section on our webpage for more information.