The Saudi Export Development Authority (Saudi Exports) successfully organised the Saudi-Iraqi Trade Mission in Jeddah today as part of its ongoing efforts to enhance the global competitiveness of Saudi products and increase regional market presence. The event, which aligns with the Kingdom’s Vision 2030, brought together 55 companies from Saudi Arabia and Iraq, alongside key institutions such as the Saudi Export-Import (EXIM) Bank and the National Bank of Iraq.
The initiative aims to strengthen economic ties between Saudi Arabia and Iraq, foster bilateral trade growth, and provide Saudi exporters with direct opportunities to enter and expand in the Iraqi market. The Saudi-Iraqi trade mission supports Saudi products’ foothold in promising regional markets while showcasing their quality and efficiency.
Key activities of the mission included an introductory workshop that explored opportunities within free markets for exporters and a dedicated session hosted by the Saudi EXIM Bank to highlight its financing and credit services. The Iraqi delegation also participated in field visits to observe firsthand the capabilities and export quality of Saudi industries. Additionally, structured business matching meetings facilitated strategic connections between Saudi exporters and Iraqi companies, fostering direct partnerships.
Speaking at the event, Thamer Almishrafi, spokesperson for Saudi Exports, emphasised the authority’s dedication to advancing Saudi-Iraqi trade relations. He further stated that, this mission underscores the dedication for strengthening Saudi exports in regional markets, identifying new opportunities for growth, and forging mutually beneficial trade partnerships. It serves as a platform to expand the global presence of Saudi products while advancing the Kingdom’s Vision 2030 goals.
He further highlighted that the trade mission plays a significant role in stimulating the growth of non-oil exports, which are central to Saudi Arabia’s economic diversification objectives. The initiative directly supports the Kingdom’s ambition for non-oil exports to account for at least 50% of the non-oil GDP by 2030.
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