Qatar/Saudi Arabia to sign ag trade deals with Kenya this week
Kenya is seeking to bolster trade relations with resource-rich Middle East countries, exemplified by last year’s lifting of a ban on the exportation of labour to countries such as Saudi Arabia, Jordan and Kuwait.
Saudi Arabia’s minister of commerce Majed bin Abdullah Al-Kassab will also visit the country with a delegation of 80 potential investors and entrepreneurs.
“The investors have interests in agriculture, energy, construction, transport & healthcare among others. (The minister) will be hosted by his Kenyan counterpart Adan Mohamed of Industry and Trade,” the communiqué said.
In 2015, Kenya imported Sh55 billion worth of goods and services from Saudi Arabia and only exported Sh5.6 billion, according to the 2016 Economic Survey.
Kenya’s major exports to Saudi Arabia include tea, coffee, vegetables, textile materials, jute, fruit and nuts, fruit and vegetable juices, meat and meat products among others.
1 Sh = 0.27 USD
source: businessdailyafrica.com
