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How Saudi Arabia exported tomatoes to Europe for the first time

RIYADH: The Saudi Export and Import Bank has signed an agreement to insure Saudi Basic Industries Corporation’s sales on a letter of credit basis across 40…

The Eastern and Southern African Trade and Development Bank Group (TDB Group) and the Saudi Export–Import Bank (Saudi EXIM Bank) have signed an MoU during the Arab-African & Saudi-African Summits’ Economic Conference

Saudi Minister of Commerce Dr. Majid Al-Qasabi on Thursday unveiled several positive outcomes that the Kingdom has achieved as a result of economic reforms, the most prominent of which is the growth of its foreign trade during the past year by a value of $173 billion. Al-Qasabi’s remarks were made during his participation in the meeting of trade and investment ministers of the G20, held in the Indian city of Jaipur. He affirmed that Saudi Arabia’s “Vision 2030” has launched key initiatives to enhance the regional and international integration of the Saudi economy.

The Saudi Exports Development Authority organized Tuesday a trade mission to the city of Erbil, Iraq, under the identity of “Made in Saudi Arabia.” The authority promoted non-oil exporters and their goods, advanced the competitiveness of products from the Kingdom on global markets, and explored new trade cooperation opportunities between the two countries. More than 34 Saudi companies and 140 Iraqi firms from a variety of sectors, most notably building materials, food products, and packaging, participated in the trade mission.