Over 27 Saudi firms search to open new export networks in European markets

by ADeeL

Saudi Gazette report

COLOGNE — The Saudi Export Growth Authority (Saudi Exports) participates on the Anuga 2023, the Worldwide Meals Business Commerce Truthful, with over 27 firms which are searching for to open new export networks in European markets.

The Saudi Exports’ pavilion, which bears the identify of Made in Saudi, includes firms which are thought-about among the many main nationwide firms within the meals sector.

The intention of taking part at Anuga, the world’s main commerce honest for meals and drinks, that’s being held in Germany’s Cologne, is to reinforce the industrial and financial cooperation between the 2 international locations.

It additionally comes as an extension for the function by means of which the Saudi Exports seeks to advertise Saudi services, in addition to to extend their market shares in world markets in a manner that strengthens its contributions to the non-oil GDP.

It’s noteworthy that the Saudi non-oil imports to Germany, through the previous 5 years, from 2018-2022, recorded greater than SR10 billion. Heavy equipment and electronics sectors had been the best exporting sectors throughout this era.

The participation of the Saudi Exports in such worldwide exhibitions, which opens many export alternatives for nationwide firms, as affirmation for its endeavor to advertise exporters and their merchandise, and facilitate connecting them with potential consumers.

It additionally contributes to larger openness in direction of worldwide markets, which contributes to attaining the objectives of Saudi Arabia’s Imaginative and prescient 2030 to lift the share of the Kingdom’s non-oil exports to a minimum of 50% of the non-oil GDP by 2030.

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