Means to promote direct investment between Tunisia and Saudi Arabia looked at | Tunisia News Gazette

Means to promote direct investment between Tunisia and Saudi Arabia looked at

Means to be implemented to promote direct investment between Tunisia and Saudi Arabia and the possibility of developing joint investments as a strategic option that helps to penetrate other foreign markets were at the centre of the Tunisian-Saudi business council meeting, held Thursday in Tunis.

Several Tunisian and Saudi business leaders took part in the meeting, which is part of an official visit by a delegation of Saudi businessmen to Tunis from January 23 to 27, 2018, said Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) in a statement, released Thursday.

Both sides also addressed issues relating to the common concerns of economic operators in both countries. In particular, they noted that obstacles still hinder economic cooperation between the two countries and proposed to strengthen the awareness-raising and promotion activities of the two countries’ products.

Mohamed Kooli, member of UTICA’s national executive board and chairman of the Tunisian side of the business council who chaired the meeting jointly with Souleiman El Airi, chairman of the Saudi side, stressed in his speech that Tunisian-Saudi Arabian economic relations have not yet reached the excellent level of political relations and friendly relations between the two countries, emphasising the importance of intensifying the visits of businessmen from both countries to explore the opportunities of important investment opportunities for investors in multiple fields in both Tunisia and Saudi Arabia, the statement reads.

For his part, El Airi said that Saudi Arabia attaches great importance to Saudi investments in Tunisia, adding that many Saudi projects have been carried out in Tunisia since the 1970s. He stressed that Saudi businessmen aspire to make new investments in Tunisia.

Ahmed Ghannam, vice president of the Saudi Development Fund, then presented Saudi and Tunisian exporters with the new programme to promote Saudi exports and the facilities it offers to economic operators in both countries to increase bilateral trade.

Oualid Ben Moussa, representative of the Export Promotion Centre (CEPEX) recalled that the most important products traded are agricultural and food products, clothing, leather and shoes, plastic products, and paints.

Source: TAP News Agency

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