Economy News

The Saudi-Iraqi trade mission will start in Riyadh tomorrow

The Saudi-Iraqi trade mission will start tomorrow in Riyadh, Saudi Arabia, with the participation of 130 Iraqi and Saudi enterprises.

The Saudi Export Development Authority will organize tomorrow in Riyadh the work of the Saudi-Iraqi Trade Mission, where more than 130 Saudi companies from the construction and food sectors and a number of Iraqi companies will participate in the mission,” the official SPA news agency said. Discuss and explore opportunities to export Saudi products to Iraq, as part of its strategy to develop non-oil exports and enhance opportunities for the presence of local products in international markets, and continue for two days..

Saudi exports are part of the mission of the trade mission to organize meetings of matching business between Saudi exporters on the one hand and potential buyers from the Republic of Iraq on the other to achieve better access of national products to the Iraqi market and to conclude commercial transactions between them. To continue its efforts to promote Saudi exporters and products and develop innovative platforms that bring them together with potential buyers and partners around the world, enhancing the position of Saudi products as one of the most important tributaries of the national economy and diversifying sources of income. “

On the other hand, the Secretary-General of the Saudi Export Development Authority, Saleh Al-Salami, said that this trade mission confirms the depth of the historical relations with the brotherly Republic of Iraq, which have been translated into cooperation and mutual understanding at various levels, foremost of which is trade and economic partnership..

He pointed out that the Kingdom’s exports to Iraq during the year 2018 amounted to SR 2.4 billion, and that the food sector ranked first for Saudi exports To Iraq with a value of SR 662 million, followed by the construction materials sector with an export value of SR 565 million..

It is worth mentioning that “Saudi Exports” employs all its capabilities to improve the efficiency of the export environment, overcome obstacles that exporters may encounter, and raise the knowledge of export practices and development of manpower in the field of export..

It is also working to raise the export readiness of the targeted enterprises through export assessment and consulting services to improve the export capabilities of the target enterprisesSaudi Exports also facilitates the creation of suitable export opportunities and markets by preparing market access manuals and market studies on demand. “Saudi exports” contribute to the emergence of Saudi products to target groups through participation in international exhibitions..

Saudi Exports also facilitates the linking of exporters with potential buyers and partners through trade missions and bilateral meetings on the fringes of international exhibitions..

The work of “Saudi Exports” is a translation of the vision of the Kingdom of 2030, in response to the aspirations of the wise leadership towards the development of non-oil exports and diversification of sources of income for the national economy. Source