Happy New Year!

ExportPortal’s team wishes everyone a sparkling New Year. 

May the year ahead be full of contentment and joy.

Merry Christmas!

Buy the most unforgettable presents on Export Portal this Christmas and enjoy the holidays with your family.

 

Korea starts exporting fruit trees to Tajikistan!

Tajikistan imported 53,000 fruit trees from South Korea, and it’s just the beginning. By now the deal is estimated to be worth 210 million won (US$192,000), but the countries will continue the export-import affair.

The Chungbuk Farm Cooperative in Okcheon, North Chungcheong Province, sent the second shipment consisting of 10 kinds of fruit tree saplings, including apple, peach, persimmon and plum trees, to a port in Incheon, west of Seoul. The first shipment was made one week ago. They are expected to arrive in Tajikistan early 2018.

The deal was reached after the wife and daughter of Tajikistan President Emomali Rahmon tasted Korean fruit during their visit last month. After they returned home, a Tajikistan state-run firm contacted the cooperative and company officials visited the town, according to the cooperative.

Okcheon produces 11.2 million tree saplings a year, making up 70 percent of the domestic market.

Happy Black Friday!

"Whoever said that money can't buy happiness, simply didn't know where to go shopping." — Bo Derek
Happy Black Friday!

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Happy Thanksgiving!

On this Thanksgiving day, Export Portal wishes you a lifetime of happiness and health. Happy holidays!
#Happy_Thanksgiving #Thanksgiving2017 #happy_holidays

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Saudi Arabia's $500 Billion Fantasy of a Utopian Megacity

On a sandy peninsula in northwest Saudi Arabia, the only interruption to miles of desert was the wreck of a Catalina seaplane, abandoned by its American pilot in 1960 and now covered in Arabic graffiti.

But it’s here that Saudi Arabia’s crown prince plans Neom, a city from scratch that will be bigger than Dubai and have more robots than humans. Crown Prince Mohammed bin Salman envisions it as a “civilizational leap for humanity” outside the traditional Saudi constraints and a business hub with advanced manufacturing, bio-tech, media and airlines.

The sci-fi city with glimmering office towers and five-star hotels is supposed to represent Saudi efforts to transform a nation once swimming in oil money and now facing a severe financial squeeze. 

It would be a microcosm of Saudi Arabia 2.0 while its new 32-year-old leader reconfigures the rest of the economy to make it fit for the modern world in a way that past rulers have failed to do. Other massive cities in the desert have been announced with much fanfare, then have floundered short of expectations, like the $10 billion office park on the outskirts of Riyadh sitting largely unoccupied and unfinished. 

Neom is a combination of “neo,” or new, and a derivation from the Arabic word “mustaqbal,” or future. It will be partly located in an area known as Ras Sheikh al-Hameed, a peninsula of land jutting about 31 miles (50 kilometers) into waters of the Red Sea after turning west off of route 5, the Saudi coastal road.

Some 10,000 square miles (25,900 square kilometers) have been allocated for the development of the urban area that will stretch into Jordan and Egypt. More than twice the size of neighboring Qatar, the area was chosen because of its “strategic location” and proximity to international shipping routes. This year, Egypt signed a treaty to give the Saudis two islands essential for linking the project to the Sinai.

Spanish Economy Grows Despite Catalan Crisis

Spain registered economy growth despite the Catalan crisis. The National Statistics Institute INE revealed the rise of the gross domestic product (GDP) by 0.8 %. This happened due to high consumer demand, tourism boom and increasing export demand. Although Spain faces the Catalan crisis, the economy registered a slight growth.

However, a number of Institutions such as the International Monetary Fund forecasted a negative impact of crisis for future. The Catalan region accounts 19 % of the country’s total GDP. A great number of companies as CaixaBank, Banco Sabadell Gas Natural, Abertis have relocated from the Catalan region. 

The Spanish IBEX35 stock index rised up to 2.47%  demonstrating  the investor confidence.