Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef speaking to Argaam
Minister of Industry and Mineral Resources Bander Alkhorayef said that the Kingdom aims to continue increasing the volume of trade exchange with Tunisia over the next three to five years, after it reached about SAR 1.12 billion, a growth of more than 20%, and to bolster mutual investment flows between the two countries in the coming phase. 
In an interview with Argaam, the minister added that ambitions go beyond current levels, given the availability of greater opportunities to expand trade, highlighting that the relevant authorities are currently analyzing available opportunities to raise these figures.
According to Alkhorayef, work is underway to study challenges that may impact the growth of trade exchange, including transportation challenges and costs, as well as addressing any regulatory obstacles between the two countries. He pointed out that a number of measures have been taken, including mutual recognition of standards and incentivizing certain shipping lines.
As regards the key economic sectors expected to lead investment growth between the two sides, the minister said this is based on the strength points of both countries, adding that Tunisia has distinguished expertise in food and food-processing industries, particularly those related to dates, olive oil, and fish, in addition to the pharmaceutical sector.
He further stated that there are existing investment experiences in several sectors outside industry, as well as in the tourism sector, for which Tunisia is well known, expecting that the Kingdom’s openness to tourism will help create joint investment opportunities.
Alkhorayef also pointed out that the automotive industry is witnessing strong growth in the Kingdom, while Tunisia has good capabilities in this field, in addition to the aircraft components sector, noting that these sectors were among the topics discussed with the Saudi-Tunisian Business Council.
He stressed the importance of business councils analyzing the various strategies in the Kingdom—whether in industry, energy, mining, or tourism—with the aim of identifying joint investment opportunities in the coming period.
Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef speaking to Argaam
Minister of Industry and Mineral Resources Bander Alkhorayef said that the Kingdom aims to continue increasing the volume of trade exchange with Tunisia over the next three to five years, after it reached about SAR 1.12 billion, a growth of more than 20%, and to bolster mutual investment flows between the two countries in the coming phase.
In an interview with Argaam, the minister added that ambitions go beyond current levels, given the availability of greater opportunities to expand trade, highlighting that the relevant authorities are currently analyzing available opportunities to raise these figures.
According to Alkhorayef, work is underway to study challenges that may impact the growth of trade exchange, including transportation challenges and costs, as well as addressing any regulatory obstacles between the two countries. He pointed out that a number of measures have been taken, including mutual recognition of standards and incentivizing certain shipping lines.
As regards the key economic sectors expected to lead investment growth between the two sides, the minister said this is based on the strength points of both countries, adding that Tunisia has distinguished expertise in food and food-processing industries, particularly those related to dates, olive oil, and fish, in addition to the pharmaceutical sector.
He further stated that there are existing investment experiences in several sectors outside industry, as well as in the tourism sector, for which Tunisia is well known, expecting that the Kingdom’s openness to tourism will help create joint investment opportunities.
Alkhorayef also pointed out that the automotive industry is witnessing strong growth in the Kingdom, while Tunisia has good capabilities in this field, in addition to the aircraft components sector, noting that these sectors were among the topics discussed with the Saudi-Tunisian Business Council.
He stressed the importance of business councils analyzing the various strategies in the Kingdom—whether in industry, energy, mining, or tourism—with the aim of identifying joint investment opportunities in the coming period.
