Peru is aiming to expand its agricultural and food exports to Saudi Arabia, highlighting investment incentives available to foreign partners. During a meeting in Riyadh, Peru’s foreign minister encouraged Saudi investors to participate in an upcoming agricultural exhibition, emphasizing the country’s potential in the sector.
Currently, Peru’s exports to Saudi Arabia represent a small portion of South America’s overall trade with the Kingdom, totaling just $70 million out of $3.8 billion. Both sides discussed deepening economic ties through joint business councils, trade delegations, and cooperation agreements, particularly in agriculture, tourism, and trade.
Diplomatic relations between the two countries have strengthened since the establishment of embassies in both capitals over a decade ago, with bilateral trade reaching $188 million in recent years. Peru’s foreign minister expressed optimism about future collaboration, noting the legal protections and equal treatment offered to foreign investors.
Saudi investors were invited to explore opportunities in Peru’s energy, mining, and infrastructure sectors, including major projects such as petrochemical plants, gas transportation systems, and highways. The minister emphasized that these initiatives present significant prospects for sustainable and profitable investment, fostering innovation and long-term cooperation between the two nations.