Saudi Customs revenues grow 9 percent to SR29.8 billion in 2015

7/14/2016 8:18:39 AM

(MENAFN- Emirates News Agency (WAM))

RIYADH, 14th July, 2016 (WAM) -- The total revenues of Saudi Customs in the last fiscal year 1436 AH (2015 AD) amounted to SR 29.8 billion, an increase of 9 percent compared to 2014, including SR3.06 billion incurred by the state as part of the support for some imported goods.

According to the Saudi Press Agency, SPA, the recently issued annual report of the Saudi Customs revealed that the Saudi Customs operates under a strategy to implement the goals and missions of the plan, consistent with the objectives of the development of the Kingdom of Saudi Arabia to achieve the aspirations and visions that maintain the status of the Kingdom and its successes at regional and international levels.

The report reviewed the Kingdom of Saudi Arabia's volume of imports and exports and the quantities seized of different types of contraband.

It said that the value of the Kingdom's imports of goods during the fiscal year 1436-1437 AH, corresponding to 2015, totaled SR655 billion, up by 0.5 percent compared to 2014, which amounted to SR 652 billion, and the Kingdom's exports of non-oil imports declined by 16 percent, valued at SR160 billion.

WAM/Hazem/Moran

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