Tunisia and Saudi Arabia signed recently in Jeddah, a preamble to an agreement on the establishment of a shipping line between Tunis and the city of Jeddah (Saudi Arabia).
This line, whose establishment required an investment of around 30 million Euros (60 million dinars), will be operational in late 2013, Mohamed Kooli, representative of Tunisia in the Presidency of the Tunisian-Saudi Business Council told TAP.
It will help increase the volume of bilateral trade and encourage Saudi investors to invest in Tunisia, particularly in poor inland areas, said Mr. Kooli.
He added that the Tunisians had focused their discussions on investment opportunities in Tunisia in several areas, including agricultural investment that will ensure food self-sufficiency in both countries.
“The business climate in Tunisia offers significant investment opportunities in agricultural and construction projects,” the official added.
The agreement was signed by Mohamed Kooli on behalf of Tunisia and his Saudi counterpart Suleiman Al-Abiri as part of the 8th edition of the Tunisian-Saudi Business Council held in Jeddah from March 16 to 19, 2013.
Nearly 60 businessmen from both countries attended this edition which coincided with the Jeddah Economic Forum.
In conjunction with this event, the two sides held working sessions focused on bilateral cooperation and ways to strengthen it.