delegation of Saudi businessmen yesterday began a ten-day visit to
Tunisia to initiate commercial exchanges and investments between the
The visit is organized by the Council
of Saudi Chambers of Commerce and Industry (CSCCI) in cooperation with
the Eastern Province Chamber of Commerce and Industry.
It is in response to an invitation
from the Tunisian Foreign Investment Promotion Agency and includes 17
CSCCI Secretary-General Osama
Al-Kurdi said the visit is part of the ongoing consultations among
businessmen in both countries and aimed at increasing bilateral trade
in consumer goods, petrochemicals and plastics.
Intermediary goods top the list of
Saudi exports to Tunisia with a value of SR100 million in 1999 and 91
percent of overall exports.
Capital goods were SR6 million or 5.5
percent and consumer goods SR4 million or 3.4 percent of total
The Kingdom imported SR51 million
worth of goods from Tunisia during the same time of which intermediary
goods amounted to 80 percent of the total, followed by consumer goods
with 20 percent.
The balance of trade remains in favor
of the Kingdom.
Al-Kurdi said Saudi non-oil experts
to Tunisia during the same period amounted to SR86 million of which 46
percent or SR40 million were plastic products followed by chemicals
making up 36 percent or SR53 million and minerals of 7.5 percent and
Source: Arab News©