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Kuwait, Tunisia trade exchange reaches $17 million

North African country aims to enhance commercial and industrial ties

The Tunisian ambassador to Kuwait, Ahmed Bin Al-Sughaier, announced that the Tunisian-Kuwaiti trade had touched $17 million in 2014.

Bin Al-Sughaier added that Kuwaiti investments in Tunisia currently do not exceed $400m, reports Egypt-based Mubasher.

He pointed out that Tunisia’s aspirations are large as it aims to enhance the commercial and industrial ties between the two countries.

The Tunisian ambassador also stressed the need for increased bilateral relations between the two countries, especially as Kuwait is at the forefront of the Gulf states investing in projects in Tunisia.

Tarek Al Mutawa, member of Kuwait’s Chamber of Commerce, said: “Despite the fact that Kuwait leads Arab investments in Tunisia in several sectors, such as real estate, banking and tourism, the volume of trade is still modest.”

He explains that Tunisian exports to Kuwait amounted to nearly $17.7m in 2014, while Kuwaiti exports to Tunisia approximated $5.7m.

($1 = AED 3.67, at the time of publishing)