Trade between Saudi Arabia, Tunisia hits SAR 1.12B in 2024: Alkhorayef

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef speaking at the Saudi–Tunisian Business Forum

Trade between Saudi Arabia and Tunisia reached about SAR 1.12 billion ($299 million) in 2024, up from roughly SAR 820 million in 2020, reflecting stronger economic ties backed by high-level reciprocal visits, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said.

Speaking at the Saudi–Tunisian Business Forum, Alkhorayef said the event marks a shift from broad understandings to effective, sustainable partnerships built on shared interests and projects with tangible impact, praising the Saudi–Tunisian Business Council for strengthening private-sector links and turning challenges into investment opportunities.

He said relations, guided by the vision of both countries’ leaderships, have energized joint economic activity, citing successful investments in pharmaceuticals, advanced manufacturing, technology transfer, and knowledge localization, with the aim of scaling them into wider private-sector-led partnerships.

Alkhorayef said both countries are seeking deeper economic integration by leveraging their competitive advantages, noting Tunisia’s natural resources, human capital and engineering and agricultural expertise, alongside Saudi Arabia’s industrial base, reliable energy resources and a global logistics ecosystem aligned with Vision 2030.

He added that the forum coincides with the conclusion of the 12th session of the Saudi–Tunisian Joint Committee, which resulted in agreements and memorandums of understanding in areas including mining and customs, underscoring both governments’ commitment to easing procedures and enabling private investment.

Alkhorayef urged investors in both countries to drive growth in sectors such as advanced industries, tourism, renewable energy and mining, stressing that governments enable and regulate, while the private sector delivers projects, jobs and shared success stories.