African Leaders have agreed to strengthen economic relations with the Kingdom of Saudi Arabia across industrial and mining sectors and increase non-oil exports.
At the Summit the leaders pointed out the economic potentials of the Kingdom of Saudi Arabia and the African countries and the opportunities provided by the Kingdom’s Vision 2030 and the African Agenda 2063.
The Summit agreed to enhance cooperation in various fields, which constitute a mutual economic benefit for the Kingdom of Saudi Arabia and the African countries.
The leaders of the African countries also paid tribute to the level of trade relations between the Kingdom and the African countries, with the volume of trade making up 45 billion US Dollars in 2022.
The two sides noted the increase in the Saudi non-oil exports to Africa at an annual growth rate of 5- point -96- percent from 2018 to 2022.
The two parties agreed to embark on joint efforts to develop the digital economy and facilitate ease of access to digital solutions, and in confirmation of the pioneering role played by the Kingdom of Saudi Arabia in sharing the top success stories showcase
by the private sector in the digital government.
The Kingdom of Saudi Arabia, in close cooperation between the Digital Government Authority and the Digital Cooperation Organization, launched the Digital Market Initiative -IMPACT.
This is according to a communiqué issued by after the Summit.
The Saudi-African Summit was convened on November 10, 2023, in Riyadh, Kingdom of Saudi Arabia, by King SALMAN BIN ABDULAZIZ AL SAUD.
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