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Samir concludes Riyadh visit
25 December 2022  -  Organization :  -  Sector/Entity :  -  Category : General

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The meetings have discussed know-how exchange, industrial integration and trade boost between the two countries.

Riyadh- Dec 25, 2022

During his brief visit to Saudi capital Riyadh, Minister of Trade and Industry Ahmed Samir has held cooperation talks with senior Saudi officials, including: ministers of industry and commerce, as well as heads of the Saudi Exim Bank, the Foreign Trade and Export Development authorities.

The meetings discussed know-how exchange in industrial land allocation, industrial integration between the two countries, in addition to boosting bilateral trade which hit $4.572 billion in 2021, up 41.3% from a year earlier.

Samir stressed keenness on fostering communication between the two business communities and enhancing the access of both markets’ goods into Africa.

According to figures, Saudi Arabia ranks second among the major investors in the local market, with investments worth $6.12 billion in some 6,017 projects spanning the fields of manufacturing, construction, tourism, agriculture, services, financing, communication and IT.


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