Saudi Exports seeking to build on $34.13bn non-oil trade with Africa

Saudi Exports seeking to build on $34.13bn non-oil trade with Africa

Fertilizers, building materials and packaging helped drive SR128 billion ($34.13 billion) in non-oil Saudi exports to Africa between 2019 and 2023, it has been announced.

A release from the Saudi Press Agency has set out how crucial trade with the continent is for the Kingdom as it seeks to diversify its economy in line with the Vision 2030 strategy.

The African market was described as an “important station” on Saudi Arabia’s journey to becoming a major player in the global trade arena, with a potential economy size of $3 trillion. Saudi Exports seeking to build on $34.13bn non-oil trade with Africa