Saudi Arabia elaborates the types of imported products from Iraq

Economy
  • 27-01-2022, 10:17
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    Riyadh - INA
     
    The Saudi Export Development Authority identified Today, Thursday, the types of materials imported from Iraq, while confirming that Saudi Arabia is looking forward to increasing the volume of trade exchange with Iraq.
     
    The advisor of the Saudi Export Development Authority, Omar Nasser Al-Rajeh, said in a statement to the Iraqi News Agency (INA), that "The Saudi Export Development Authority organized, on the sidelines of the Iraqi-Saudi Business Forum, a meeting of a group of Iraqi and Saudi businessmen to discuss opportunities for joint cooperation between the two countries, as about 60 Iraqi and 200 Saudi companies participated with us. 
     
    He added, "The Kingdom of Saudi Arabia imports aluminum scrap, which is one of the most important imported things, as well as iron scrap and some foodstuffs such as dates and rice."
     
    Al-Rajeh pointed out that "Since 2017, Saudi exports began to flow into Iraq, with an annual increase of about 10%, and we look forward to the volume of trade exchange reflecting the size of the economies of the two countries," explaining that "the volume of exports of foodstuffs and construction constitutes about 60% of the total volume of the Saudi exports to Iraq.
     
    He added, "Saudi exports have good acceptance among the Iraqi street due to their high quality, our products have gained confidence over the past years, as the volume of Saudi exports in the food sector is about 900 million riyals and we look forward to increase this rate."
     
    He continued, "There are several products exported to Iraq, on top of which are dairy and pasta, and poultry products, and others."