NAYADA, a Russian designer and manufacturer of interior partition systems, doors and furniture, launched its production site in the Kingdom of Saudi Arabia. Within the framework of the Russian-Saudi Investment Forum devoted to the first visit of Salman bin Abdulaziz Al Saud, the King of Saudi Arabia, to Russia, NAYADA obtained the Saudi Arabian General Investment Authority (SAGIA) License. This license allows conduction of manufacturing and business activity on the territory of the Kingdom of Saudi Arabia.
Photo: Kirill Dmitriev (CEO of the Russian Direct Investment Fund), Dmitry Cherepkov (Founder of NAYADA), Manie Mohammed Al Khelewy (SAS (MASIC Group), NAYADA’s official partner and representative in KSA), Saudi Minister of Commerce and Investment Majid bin Abdullah Al-Kassabi, Russian Minister for Economic Development Maxim Oreshkin, Chairman of the Board of the Riyadh Chamber of Commerce and Industry Ahmed bin Suleiman Alrajhi, Member of the Saudi Investment Chamber and Deputy Minister of Finance Tariq Bin Abdullah AlSohib.
NAYADA officially entered the agreement to open its representative office in Saudi Arabia in 2015 during the Russian-Saudi Business Investment Forum. The Saudi office and production site for NAYADA Middle East is located in Al-Riyadh, a capital of the Kingdom. SAS (MASIC Group) headed by Mr. Manie Mohammed Al Khelewy is NAYADA’s official partner and representative in KSA. The representative office covers the entire Middle East territory.
The Russian-Saudi Investment Forum and exhibition saw representatives of the Russian and the Saudi business community and state officials. The Saudi delegation included scores of representatives of private and public companies and institutions, including the Saudi Arabian General Investment Authority (SAGIA), the Saudi Agricultural and Livestock Investment Company (SALIC), the chemical Saudi Basic Industries Corporation (SABIC), the world’s oil giant Saudi Aramco, the Saudi Food & Drug Authority and many others.
The grand ceremony of opening of the event welcomed the Chairman of the Russian side of the Russian-Saudi Intergovernmental Commission for trade, economic, scientific and technical cooperation and Russian Energy Minister Alexander Novak, the Chairman of the Saudi side of the same Commission and Governor of the Saudi Arabian General Investment Authority (SAGIA) Abdullatif Al Othman, the Chairman of the Russian-Saudi and the Russian-Arab Business Councils and the Chairman of the Board of Directors of AFK “Sistema” VladimirYevtushenkov, the President of the Council of Saudi Chambers and the Chairman of the Riyadh Chamber of Commerce and Industry Abdulrahman Bin Abdullah Al-Zamil, the Vice-President of the Chamber of Commerce and Industry of Russia Georgy Petrov.