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 Saudi Egyptian Trade Mission starts its work today in the capital, Riyadh, organized by "SAUDI EXPORTS"

calendar 10/28/2018 11:00 AM


Today, the Saudi-Egyptian Trade Mission will start in the capital Riyadh for the two days during 28-29 October 2018, under the leadership of the Saudi Export Development Authority "SAUDI EXPORTS", which organizes the activities of the mission, with the participation of 60 national companies and 28 Egyptian companies from the food and building materials sectors. This step comes within the framework of the programs and services offered by "SAUDI EXPORTS" to local companies to achieve the objectives aiming at promoting Saudi products and services in international markets. The "SAUDI EXPORTS" in this mission aims at helping local exporters open up new markets for their products by exploring export opportunities to the Arab Republic of Egypt, and establish bridges of communication with Egyptians and to get to know closely the first-hand of the needs of consumers and customers there, paving the way for an extended business relationship with Egyptian trading partners.

In order to achieve a better access to the Egyptian market, "SAUDI EXPORTS" organizes business matching meetings between Saudi exporters on the one hand and potential buyers from Egypt on the other, in order to create generic opportunities for Saudi products that achieve broader openness to international markets. As this is a unique opportunity for companies to hold many transactions for the development of its exports and expand their deployment in the Egyptian market.

For his part, Secretary General of the Saudi Export Development Authority, Saleh Al-Solami, highlighted the interest of "SAUDI EXPORTS" in enhancing trade and economic relations and investment cooperation between Saudi Arabia and the Arab Republic of Egypt, emphasizing the depth of the Saudi-Egyptian relationship thus the leadership in both countries is keen to strengthen this relationship for the benefit of the two countries and for the interest of the two peoples. Adding that a complement to our relations with our brothers in Egypt come the Kingdom's participation represented by the Saudi Export Development Authority that opens many export opportunities emphasizing the strengthening of trade relations and keenness on increasing economic cooperation between the two countries, which has long been characterized by strength and durability, as the volume of non-oil commercial exchange between Saudi Arabia and Egypt reached more than 11 billion SAR in 2017, The Kingdom's exports to Egypt amounted to 5 billion SAR, Saudi imports from Egypt amounted to 6 billion SAR approximately.

Al-Solami added that "SAUDI EXPORTS" are working to stimulate companies from different sectors and enable them to develop their business and benefit from the opportunities available, which will contribute to promoting local industries and opening up new export channels for Saudi companies in the regional and international markets. To complement the role of "SAUDI EXPORTS" to promote the Saudi product and increase the market share of local products in the international markets reflecting Vision 2030.

The Counselor, the Head of the Egyptian Commercial Attaché, Dr. Yehyia Halim, in the capital Riyadh, His Excellency expressed his happiness and welcome to the Egyptian delegation and pointed to the depth of the Saudi-Egyptian relations that reached the highest degree of compatibility and matching in visions and many issues at all political, economic levels and at the intraregional trade level. The partnership between the two countries has increased reaching unprecedented levels and the conditions are more suitable than ever for commercial exchange, activating partnership and promoting initiative mutual investments between the two countries, Dr. Yehyia also praised the role of SAUDI EXPORTS and its services to the Saudi exporters, its organization and its efforts exerted to achieve a compatibility of both countries and increase commercial exchange.

"SAUDI EXPORTS" invests all its capabilities to improve the efficiency of the export environment, overcome the barriers that exporters may face, increase knowledge of export practices, and develop human resources in the field of export. It is also working to raise the export readiness of the targeted enterprises through an assessment of the export readiness and consultation services to improve the export capacity of the target enterprises. "SAUDI EXPORTS" is also working to facilitate the creation of suitable opportunities and export markets suitable for enterprises by preparing the guides of market access and market studies on demand. The Authority contributes to the emergence of Saudi products in front of the target groups through participation in international exhibitions. "SAUDI EXPORTS" also provides a service to facilitate the linking of exporters with buyers and potential partners through trade missions and bilateral meetings on the sidelines of international exhibitions. The work of the "SAUDI EXPORTS" reflects the Kingdom’s Vision for 2030, and meets the aspirations of the enlightened leadership in order to diversify sources of income for the national economy.  

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