Wednesday, October 3, 2007

Saudi Arabia Keen on Free Trade With Canada

from Arab News

In tourism, Canada is fast becoming a destination of choice for Saudi tourists, bringing not only revenues for the Canadian economy, but contributing also in strengthening the cultural ties between the two countries. According to the Saudi Arabian Monetary Agency (SAMA), Saudis spend a staggering $25 billion abroad each year. There is huge scope for cooperation in the field of education. He foresees that the numbers of Saudi students coming to Canada will more than double during the few coming years. There are currently only 3,000 Saudi students studying at Canadian universities compared to 15,000 in the US. The Saudi Council of Ministers has recently expanded the King Abdullah Scholarship program to include for the first time countries such as Canada and seven European countries. The number of scholarships has been increased to 20,000. The 2007 Saudi budget allocated SR100 billion to education.

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