The Kingdom of Saudi Arabia has recently selected Tanzania as a priority country to develop trade, investment and cooperation in the African continent.
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.