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tanzania-suadi-arabia-tradeTanzania Saudi Arabia Trade Relations

Saudi Arabia and Tanzania maintain close bilateral relations; Tanzania has an embassy in Riyadh and a consulate in Jeddah, and Saudi Arabia has an embassy in Dar es Salaam.

Saudi Arabia is the third most important destination of exports from Tanzania to the Gulf Cooperation Council (GCC) totaling USD20.7m or 15.37% of the total exported with United Arab Emirates (UAE) toping the Arab block totaling USD84.6m or 62.8% of the total according to the Massachusetts Institute of Technology (MIT).

On the other hand, Saudi Arabia is Tanzania’s second most important source of imports from the GCC totaling USD220m or 12.91% of the total imported with UAE as the main source in the Arab block totaling USD1,140m or 66.94% of the total.

In the beginning of 2016, Saudi Arabia selected Tanzania as a priority country to develop trade, investment and cooperation in the African continent.

Tanzania Nchemba Riyadh Sultan Al-Marshad
2 minute read

Tanzania-Saudi Arabia Investment Forum Draws 70 Investors, Leading to Agreements on Strategic Partnerships in Agriculture, Energy, Manufacturing, and Infrastructure

The Tanzania-Saudi Arabia Investment Forum, held from December 17 to 21, 2024, in Riyadh, brought together 70 investors and resulted in agreements to explore partnerships in agriculture, energy, manufacturing, and infrastructure. The forum aimed to address the trade imbalance between the two nations and foster sustainable economic collaboration.
December 24, 2024