The NAYADA Company, a leading developer and manufacturer of interior partitions, doors and furniture, opened its representative office in the Kingdom of Saudi Arabia. The official signing of the agreement took place during the Russian-Saudi Business and Investment Forum in Moscow.
During this forum, entrepreneurs and officials of the Kingdom of Saudi Arabia and the Russian Federation presented their proposals for the development of mutually beneficial cooperation in trade, economic, scientific, technical, and investment spheres between the two countries. Events were attended by Russian Energy Minister A.V. Novak, Minister of Industry and Trade of the Russian Federation D. Manturov, Head of the Board of Directors of AFK Sistema and the Saudi-Russian Business Council Vladimir Yevtushenkov, Russia’s Ambassador to Saudi Arabia O.B. Ozerov, vice-president of the Russian Chamber of Commerce and Industry G. Petrov, Plenipotentiary of the Kingdom of Saudi Arabia to Russia Abdel Rahman al-Rassi, Prince-Minister of Investments of Saudi Arabia.
The NAYADA representative office and production facilities are located in Riyadh, the capital of the Kingdom. Official partner and representative of NAYADA Mideast Co. Ltd is the Saudi Advance Services (SAS), Managing Director is Mr. Manie Al Khelewy. The office will work in the entire Middle East Region.
“For more than three years we have been actively negotiating with our Arab partners, studied the market, tested products, and finally came to understand the need to create a manufacturing company in Saudi Arabia. Our company is one of the first in Russia to enter the Middle East market – a hard market, highly competitive, closed and demanding. After realizing a number of projects in the United Arab Emirates, we understood that our products meet the high-level needs and demands of customers in the Middle East,” commented Dmitry Cherepkov, director and founder of the NAYADA GC.
The Governments of Saudi Arabia and Russia set important strategic objectives for their respective business communities, which is leading to a serious development of relations between the business circles of the two countries.
Saudi Arabia is a major oil producer, but significant progress has also been made in the industrial sector, thanks to state support and active participation of the private sector. The Kingdom is committed to ensuring the country’s financial resources are available to business.
The NAYADA Company, founded in 1995, today consists of a regional network of 21 offices, including offices in Ukraine, Belarus, Kazakhstan, Moldova, and Italy.