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Saudi Arabia and Austria Sign Accord - ASHARQ AL-AWSAT English Archive
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Riyadh, Asharq Al-Awsat- Saudi Arabia and Austria signed an agreement for avoiding dual taxing on income and capital .

The agreement was signed by Saudi minister of finance Dr Ibrahim al-Assaf and on Austrian Minister of defense Guenther Platter.

In a press statement, Dr al-Assaf said the agreement will positively contribute to protection of investments signed by the two countries in 2001, and will further more encourage investors in the two countries to implement joint projects.

He urged businessmen in the two countries to benefit from the agreements signed by Saudi Arabia and Austria.

He noted that the volume of trade exchange between Saudi Arabia and Austria jumped from about SR 643 million in 2002 to more than SR 2 billion in 2004.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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