Facing a severe economic crisis, Tunisia turns to Saudi Arabia

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef concluded his visit to Tunisia, where he led the Kingdom’s delegation to the 11th session of the Saudi-Tunisian Joint Committee, SPA said on Friday.

During his visit to Tunis, Minister Alkhorayef co-chaired the Saudi-Tunisian Investment and Partnership Forum and held meetings with top officials in Tunisia, including President Kais Saied.

At Carthage Palace, Alkhorayef met with President Saied to discuss expanding cooperation between Saudi Arabia and Tunisia. The aim is to fulfill the interests of both countries, strengthen their bonds, and leverage the promising opportunities in various sectors.

The minister also met with Tunisian Prime Minister Ahmed Hachani at the Government Palace in Tunis to explore ways of enhancing cooperation between the Kingdom and Tunisia. They reviewed opportunities for mutual development, especially in vital sectors such as industry, tourism, and investment, and the advantages that stimulate investors in both countries.

During the 11th session of the Saudi-Tunisian Joint Committee, Alkhorayef delivered a speech highlighting the Kingdom’s aspiration to become an effective partner in Tunisia’s economic mobility. He emphasized the exploration of investment opportunities and collaboration with the private sector to achieve the objectives of both countries, contributing to the growth of trade exchange.

On the sidelines of the committee session, Alkhorayef and Sihem Boughdiri Nemsia, Minister of Finance and Interim Minister of Economy and Planning, signed seven memorandums of understanding (MoUs) in various fields to enhance cooperation between Saudi Arabia and Tunisia.

Alkhorayef and Nemsia, who chaired the Tunisian delegation at the committee session, discussed enhancing cooperation and leveraging investment opportunities in both countries.

Alkhorayef chaired a meeting for the Tunisian-Saudi Business Council, attended by many Saudi and Tunisian businesspeople.

The Industry Minister’s visit to Tunisia deepened the strategic partnership, activated cooperation mechanisms, and enhanced investment opportunities between the two countries.

Tunisia is grappling with a severe economic crisis. The country urgently needs investors.