The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair organized at the Senegal capital Dakar between June 13 and 19.
The theme of the trade fair at the Dakar International Exchange Center (CIED) is ‘Facilitate Intra-OIC Trade: Which Tools for the Development of Trade Exchanges?’.
The Made in Saudi program’s participation in this event shows the Kingdom believes that regional and international trade fairs are a window for national companies to reach global markets and help them find opportunities to develop exports through multiple tools and channels.
The event, which is considered the biggest Islamic trade fair, is organized every two years.
There is wide participation of Arab, Islamic and global companies from all sectors in the fair. Several vocational institutions working in different economic fields also take part in the fair.
The event is considered a platform to display goods and services and to discuss about strategic partnerships.
Participants from around 57 Islamic nations seek to activate ways to increase trade exchange, review expertise, experiments, practices, and explore commercial development aspects.
The Kingdom of Saudi Arabia is among the biggest and most important countries supporting the efforts of the Republic of Senegal and constantly contributes to funding development projects in various fields and sectors in the African nation.
The Kingdom, through the Saudi Fund for Development, has offered 27 loans and four grants for development projects with a total value of SAR17.5 billion.
The trade exchange between the Kingdom of Saudi Arabia and Senegal in 2021 stood at US$50 million, including US$49 million as Saudi exports, US$42 million of which were non-oil exports.
In a bid to enhance trade exchange, the two countries encourage their private sector to benefit from available economic opportunities.