Economics
Saudi Arabia Is Shipping 6,000 Tons of Shrimp a Week to China
- World’s top oil exporter ships 6,000 tons of shrimp to China
- Kingdom pushes into seafood as it seeks to diversify from oil
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Saudi Arabia is adding a new commodity to its oil-heavy trade with China: frozen shrimp.
The world’s largest oil exporter has shipped 6,000 tons of the crustaceans to China since last week, Ahmed Al-Bala’a, chief executive officer of the National Aquaculture Group, said in a statement. It’s a modest but tasty step toward diversifying sales to one of the kingdom’s biggest commercial partners.