Cairo: The Tunisian-Saudi Business Council have reached an agreement to create a joint-stock company Maghrebia-Saudi to run a maritime line linking Saudi Arabia to the Maghreb countries with an initial capital outlay of €10m.
Sources said that the maritime line aims to increase the volume of trade exchange between the two sides, which includes Morocco and Algeria. The line will call at Maghreb in Morocco and ports in Tunisia and Algeria and onto Jeddah Islamic Port in Saudi Arabia.
Discussions between the partners are being held on whether to include any other ports such as Marseille, Genoa or Turkish destinations in order to increase the economic viability of the project. [13/10/13]