RIYADH - Broadcast: The Governor of the Mexican state of Yucatan, Mauricio Dosal, called on Saudi business owners to learn about the advantages and great investment opportunities offered by the state in various economic sectors and to enter into commercial partnerships that benefit both sides.

This came during his meeting today (Sunday) and his accompanying delegation in the Federation of Saudi Chambers of Commerce with Saudi business owners, in the presence of the Vice-President of the Federation, Mr. Hisham bin Muhammad Kaaki, the Secretary-General, Mr. Hussein Al-Abdul-Qader, and the Mexican Ambassador to the Kingdom, Anibal Toledo, with the participation of a number of companies and government agencies from the two countries.

Mauricio reviewed the advantages of the state of Yucatan in terms of strategic location and air and sea connectivity, as it is located less than 48 hours by sea from the most important ports in the United States, and has more than 600 km of railways, as well as its tourist position, while the state is famous for a number of Specialized business activities such as automobiles, aerospace, textiles, agro-industry, jewelry, furniture, information and communication technology, and medical devices.

On the motives for investing in the state, Mauricio said that it is represented in the presence of a young workforce that is trained and specialized in more than 100 universities, and the classification of the American Chamber of Commerce in Yucatan as the most trusted state for investment in Mexico, as well as its enjoyment of the best environment for doing business, its financial strength and its advanced credit rating. In addition to providing security.

The ruler pointed to the strategic projects being developed in the state, including the expansion of Progreso port, the construction of sports facilities, railways, and projects in the information technology sector and airports, pointing to the state's attraction of more than 190 projects from major international companies, calling on Saudi investors to take advantage of all these promising investment opportunities.

For his part, the Vice-President of the Federation of Saudi Chambers, Hisham bin Muhammad Kaaki, praised the Saudi-Mexico relations and the stability of the Mexican economy as one of the G20 countries, noting that Mexico ranked 64th among the Kingdom's largest trading partners in exports, with a value of 201 million Saudi riyals, and ranked 35 in imports with a value of 3.1 billion riyals, while the volume of trade amounted to 3.3 billion Saudi riyals, or about 890 million US dollars, ranking 45th among the largest trading partners of the Kingdom.

However, he added that these figures do not reflect the assumed real size of the economic relations between the two countries, given the potential of the Saudi and Mexican economies, and the huge investment opportunities available in both countries, pointing to the national investment strategy launched by the Crown Prince recently, which will contribute to the growth and diversification of the Kingdom's economy by increasing the sector's contribution. Private in GDP to 65%. Increasing the contribution of foreign direct investment to the GDP to 5.7%, and what the strategy can provide broad investment opportunities for Mexican investors.

  In addition, the meeting witnessed the presentation of offers by the Ministry of Investment, the Agricultural Development Fund, the Food and Drug General Authority and the Saudi Industrial Development Fund, while the Mexican side presented presentations in which it reviewed the elements and investment opportunities in Yucatan.