Riyadh, Saudi Export-Import Bank (EXIM) has participated in several international events with official and competent institutions in Senegal, Indonesia and Nigeria, as part of international partnerships it holds with the aim of opening new credit scopes to support Saudi non-oil exports.
The meetings between EXIM Bank and those institutions included discussions over means to encourage and increase the volume of trade exchange between the Kingdom of Saudi Arabia and these countries.
Also, several talks were held on the possibility for the bank to contribute to financing and guaranteeing Saudi exports’ credit to international markets, in addition to discussing opportunities to sign memorandums of understanding with financial and official institutions in these countries to serve the export sector in the Kingdom of Saudi Arabia.
The EXIM Bank participated in the Joint Saudi-Senegalese Committee meetings in Dakar, which were held on the sidelines of the third session of the committee that was headed by Saudi Minister of Investment Eng. Khalid Al-Faleh and saw the participation of more than 120 leaders of the private sectors in the two countries.
These meetings aimed at enhancing joint action, taking relations to new scopes and enhancing economic partnership between the two countries and expanding them, in addition to encouraging mutual investments and enhancing trade exchange between the Kingdom of Saudi Arabia and Senegal.
Meanwhile, EXIM Bank also participated in the Saudi-Indonesia Commercial Mission and the Saudi-Indonesian Business Forum in Jakarta.
The EXIM Bank submitted a work paper about its finance and credit services offered to both importers and exporters of national services and goods and the level of its contribution to enhancing the growth of Saudi non-oil exports and enabling their access to global markets, including Indonesia.
It also held sidelines meetings with several Indonesian institutions to review prospects of cooperation and increase commercial benefits between the two countries.
As part of its tour, the EXIM Bank also participated in the Big5 Exhibition that was held in Lagos, Nigeria, with the participation of more than 2,000 representatives of government institutions and commercial factories from 150 countries that are interested in the construction sector.
Source: Saudi Press Agency