In a significant step towards strengthening economic relations between Kenya and Saudi Arabia, the Kenya National Chamber of Commerce & Industry (KNCCI) and the Federation of Saudi Chambers have signed a Memorandum of Understanding (MoU) to establish the Kenya-Saudi Business Council.

This strategic initiative is set to unlock new trade opportunities, boost bilateral investments, and create a robust economic bridge between the two nations.

At the prestigious Saudi Embassy Gala, Kenya’s Cabinet Secretary for Investment, Trade & Industry, H.E. Hon. Lee Kinyanjui, reaffirmed the government’s commitment to fostering a business-friendly environment for investors. KNCCI President Dr. Erick Rutto echoed this vision, extending an invitation to Saudi investors to explore Kenya’s dynamic and high-growth sectors.

Kenya’s exports to Saudi Arabia have experienced significant growth, increasing from $70.1 million in 2021 to $130 million in 2023. This expansion has been driven by high-value agricultural products such as tea, coffee, fresh produce, meat, and live animals.

A Gathering of Influential Leaders

This milestone event brought together key leaders, including:

✅ H.E. Khalid Salman – Saudi Ambassador to Kenya
✅ H.E. Mohamed Ramadhan Ruwange – Kenya’s Ambassador to Saudi Arabia
✅ Hassan Al-Huwaizi – Chairman, Federation of Saudi Chambers
✅ Abubakar Hassan – Principal Secretary, Investment Promotion
✅ Dr. Korir Sing’oei – Principal Secretary, Foreign Affairs
✅ John Ololtuaa – Principal Secretary, Tourism
✅ KNCCI Leadership: Vice President Mustafa Ramadhan, National Director Ken Onditi, MBS, Company Secretary Kihara Njuguna, and CEO Ahmed Farah

Strengthening Trade & Investment

With this new partnership, Kenya is poised to expand its export footprint further and unlock fresh business opportunities. The Kenya-Saudi Business Council will serve as a pivotal platform for collaboration, investment facilitation, and trade diversification, strengthening the economic future of both nations.