Pak-Saudi Bilateral Trade Relation have seen a Gradual Increase

Pak-Saudi Trade

Waqar Naseem Wamiq, Riyadh – Pak-Saudi Trade, Deputy Consul General Mr. Shaiq Ahmed Bhutto has said that bilateral trade relations between Pakistan and Saudi Arabia have seen a gradual increase over the last few years which has resulted in more economic activity between the two countries. He was speaking at the Inaugural session of the Foodex 2019 Exhibition in Jeddah. He said that 15 Pakistani companies are participating in the Foodex exhibition, which shows the increasing interest and opportunities for the Pakistani exporters in the Saudi Market. Last year nine Pakistani companies participated in the Foodex.

The Exhibition was inaugurated by HRH Prince Fahd Bin Muqrin Bin Abdulaziz Al-Saud.

Mr. Shaiq told that the Pakistani companies, participating in the event, are among the top exporters from Pakistan dealing in

Rice
Spices
Sauces
Processed Food
Ready to cook Paratha
Tandoori items
Beverages
Bakery products
Confectionaries.

Demand

The Pakistani companies’ representatives while talking to media told that the increasing demand for the food items in the Kingdom offers a huge opportunity for Pakistani companies to increase their space in the Saudi market and enhance market share by aggressive marketing. Since Pakistan is an agricultural country, and more than 70 percent of its exports are agro and textile-based. It has an enormous potential to increase its export share by tapping the halal food market of Saudi Arabia. Saudi Arabia currently imports more than 80 percent of its total food and beverages requirement.

Firstly, the Trade Development Authority of Pakistan (TDAP) in collaboration with the Consulate General of Pakistan is participating in the 7th edition of the Foodex Saudi Exhibition Jeddah organized by Reed Sunaidi Exhibition from 11-14 November 2019 at Jeddah Center for Events & Forums. Secondly, Pakistan’s Pavilion has established in the Exhibition. Thirdly, the Commercial Section of the Consulate is extending full cooperation to Pakistani companies for match-making of their products in Saudi Arabia & to tap enormous opportunities emerging out of Saudi Vision 2030 to promote bilateral trade and investment.