Riyadh (IINA) – Riyadh Governor Prince Faisal bin Bandar on Sunday will inaugurate the 15th Trade Fair of Organization of Islamic Cooperation (OIC) which will kick off in Riyadh under the auspices of Custodian of the Two Holy Mosques King Salman.

The event is being organized by the Ministry of Commerce and Investment (MCI) in cooperation with the OIC, the Islamic Center for Development of Trade and the Council of Saudi Chambers at the Riyadh International Convention Center and Exhibition. “The Kingdom seeks to increase the level of trade exchange and promote two-way investments among OIC member states,” Turki Al-Toaimi, adviser to the minister of commerce and investment and its official spokesman, said here on Thursday. He expressed his deepest thanks and appreciation to Custodian of the Two Holy Mosques King Salman for his noble role in boosting the activities of the 15th OIC Trade Fair.

Al-Toaimi added that the trade fair will witness the participation of more than 30 OIC member states and the Kingdom’s pavilion will be the largest among OIC member states. A large number of Saudi companies and establishments will be displaying and offering a variety of goods and products made in Saudi Arabia, pointing out in the same context that Saudi products are currently being exported to more than 100 countries worldwide. Al-Toaimi said that the Kingdom seeks to increase its trade and investment with Islamic countries.

The 15th OIC Trade Fair is expected to witness the signing of a number of agreements and deals among OIC member countries and companies. A number of OIC ministers and ambassadors will participate in the trade fair, as well as businessmen and industrialists in and outside of the Kingdom. Al-Toaimi confirmed that the trade fair will provide various opportunities for businessmen to cooperate in various fields in private sector activities, such as finding new markets for their products and services, establishing joint ventures, providing new methods of funding for two-way trade, identifying available opportunities for cooperation in industrial projects, and expanding trade exchange among OIC member countries.

The OIC Trade Fair, held every two years, aims to introduce the products and services of OIC member states to raise the level of trade, promote two-way investments and open new markets for the products of participating countries. On the sidelines of the 15th OIC Trade Fair, the Council of Saudi Chambers and the Islamic Chamber will organize the 9th Forum for Businesswomen in Islamic Countries on Wednesday evening at its headquarters in Riyadh.