The Saudi Export-Import Bank (Exim) has announced that it has signed an agreement with the Opec Fund for International Development to enhance co-operation, support development initiatives, and promote Saudi non-oil exports in mutually beneficial markets. 

 

The initiative aims to support local investors and strengthen the non-oil national economy in alignment with Saudi Vision 2030 goals, said Engineer Saad bin Abdulaziz Al Khalab, the CEO of Saudi Exim, after signing the deal with Dr Abdulhamid Alkhalifa, the Director General of the Opec Fund for International Development, during the 2024 Opec Development Forum in Vienna.

 

The MoU reflects Saudi Exim's commitment to forging robust international partnerships and contributing to sustainable development efforts in collaboration with the global community, stated Al Khalab. 

 

The Saudi Exim CEO also lauded the Opec Fund for International Development's role in promoting economic growth across more than 70 countries worldwide and highlighted the Exim Bank's enthusiasm for its pivotal role in these initiatives.

 

During the forum, he led Saudi Exim's delegation in exploring opportunities for international development initiatives, enhancing trade relations and establishing partnerships to facilitate Saudi non-oil exports. 

 

Al Khalab later held meetings with various ministers and CEOs of international commercial and development institutions, including discussions with Minister of State for Financial Affairs in the Maldives Hussain Adam on enhancing co-operation for Saudi exports in Asian markets. 

 

Additionally, he met the CEO of Africa 50 Alain Ebobisse to explore collaboration opportunities for Saudi exports in African markets, as well as discuss ways to expand exports to Latin America and the Caribbean.-TradeArabia News Service