Arab, Latin American businessmen convene in Riyadh Sunday

The Fourth forum of the Arab-South American businessmen would be held Sunday at the Saudi Council of Saudi Chambers (CSC) headquarters in Riyadh.

The forum will be held by CSC in cooperation with the Arab League and the General Union of Arab Chambers.

It comes on the sidelines of the Fourth Summit of Arab-South American countries which kicks off on November 10.

Chairman of CSC Abdulrahman Al Zamil said the forum reflects Riyadh's keenness on boosting relations among Arab and Latin American states.

The event helps the two sides to crystallize a common mechanism for cooperation at the economic and investment levels, he said.

The summit is a bi-regional mechanism for cooperation and political coordination, which gathers the 22 member-states of the Arab League and the 12 countries of South America.

It was first created after being proposed by Brazil and held its first meeting in 2005 in Brasilia. A second summit was held in Doha, Qatar, in 2009 and the last time in Lima, Peru, in October 2012.

Source: MENA