Tunisian official sources said today that the Saudi fund for development allocated a line of credit at a cost of three million dollars as a first payment at the disposal of the Saudi-Tunisian financing bank to finance imports operations from Saudi Arabia. The sources added that this agreement aims at strengthening trade exchange between Tunisia and Saudi Arabia. This agreement authorizes buying commodities or services from Saudi Arabia for importers from Tunisia.
The Tunisian-Saudi financing bank was established at the participation of the Tunisian public sector at a rate 20% and the Saudi Dallet al-Baraka group by Sheikh saleh Abdullah Kamel at a rate of 80%. Worthy mentioning that the value of industrial investments in Tunisia during the 11 first months of the current year reached 635 million Dinars, estimated at $ 529 million. The strategy of the Tunisian government is based on supporting sectors attracting for foreign investment in addition to supporting traditional industries like textiles and food industries and to attract new investors and to support exports. The government's plan by the end of 2004 aims at achieving investments at a rate of one billion Tunisian Dinars, estimated at $ 833 million. |