The Saudi Export Authority is seeking through the exhibition to discover market opportunities for Saudi products in Iraq and to facilitate export procedures to Iraq in cooperation with the relevant authorities.
The Secretary-General of the Saudi Export Development Authority, Saleh Al-Salami, said that the Authority’s participation in the Baghdad International Fair comes from its role in encouraging Saudi products to reach the international markets.
He pointed out that the gross domestic product of the Republic of Iraq amounted to about 643 billion riyals in 2016, the service sector was the largest share of them by 57%, and 38% for the industrial sector, while agriculture accounted for 5%.
He pointed out that the highest sectors in terms of the value of imports in Iraq are food products, according to the data of 2016, amounting to 21 billion riyals, followed by heavy equipment and electronics by about 20.3 billion riyals, and then building materials by more than 15.8 billion Saudi riyals, which makes Iraq is a market opportunity and a good export destination for Saudi products.
Peaceful engineer confirmed that the orientation of the Iraqi market was the result of a discussion held by the Saudi Export Authority with a group of exporters to discuss the major challenges they face sessions, and to find effective solutions to overcome them, and discuss ways to facilitate the arrival of the Saudi product to the Iraqi market. ”
And that” the Authority strives to provide All tools and means that contribute to overcoming the obstacles to the national product of competition internationally; to develop Saudi non-oil exports in the Iraqi market in particular and international markets in general. ”
The participation of the Saudi Export Development Authority at the Baghdad International Fair this year under the slogan of [industries that transcend borders and bring peoples closer], is one of the most important participations that will contribute to the establishment of economic trade relations between Saudi Arabia and Iraq. The exhibition is attended by 60 Saudi companies from various industrial and service sectors under Saudi pavilion umbrella, offering Saudi products.
The Saudi Export Authority employs all its capabilities to improve the efficiency of the export environment, develop export capabilities, promote exporters and their products, create export opportunities for them, develop programs and encourage exporters, promote Saudi products in international markets and increase their competitive quality to achieve international markets.