Saudi Export Development Authority (SAUDI EXPORTS), as part of its mission to enhance Saudi exports and boost the competitiveness of Saudi products in regional and global markets, organized the Saudi-Iraqi trade mission in Jeddah today. The event witnessed the participation of 55 companies from both nations, along with entities such as the Saudi Export-Import (EXIM) Bank and the National Bank of Iraq.
The mission aims to strengthen trade relations between Saudi Arabia and Iraq, increase the volume of trade, and enable Saudi exporters to explore opportunities in the Iraqi market. The initiative supports the presence of Saudi products in a promising market.
The mission's activities included an introductory workshop highlighting free markets and opportunities for exporters, alongside a session organized by the Saudi Export-Import Bank to introduce its financing and credit services. Field visits were arranged for the Iraqi delegation to see the export capabilities, efficiency, and quality of Saudi products. Additionally, business matching meetings facilitated direct connections between Saudi exporters and Iraqi companies, fostering strategic trade partnerships.
(SAUDI EXPORTS) spokesperson Thamer Almishrafi emphasized that the trade mission reflects the authority's commitment to strengthening Saudi-Iraqi trade relations and providing Saudi exporters with access to promising regional markets. He noted that the mission aims to highlight export opportunities, build fruitful trade partnerships, and reaffirm (Saudi Exports' commitment to creating platforms that enhance the global presence of Saudi products.
Almishrafi added that the mission supports the Kingdom's Vision 2030 goals of expanding non-oil exports and diversifying income sources for the national economy. By facilitating connections between exporters and potential buyers, the initiative helps stimulate the growth of Saudi non-oil exports, contributing to a more open and competitive global market. The goal is to ensure that non-oil exports account for at least 50% of the non-oil GDP by 2030.