Saudi Export-Import Bank (Saudi Exim) has signed a memorandum of understanding (MoU) with Mitsui & Co Middle East, aiming to provide credit solutions that support the export activities of Saudi non-oil goods and services.

 

The MoU will aim to establish a framework for joint cooperation that allows the two parties to benefit from their potential. The MoU is in line with the objectives of the Kingdom’s Vision 2030 and its aspirations to develop non-oil exports and build a sustainable national economy, said a Saudi Press Agency report.

 

The bank was represented by the Chief Executive Officer, Eng Saad bin Abdulaziz Al-Khalb, while Mitsui was represented by General Manager Katsuhiro Nakagawa. 

 

The signing took place at the Saudi-Japanese Investment Forum, in the presence of the Minister of Investment, Eng Khalid Al-Falih, and senior staff from both sides.