Enhancing the flow of Saudi non-oil exports to Turkish markets
The Saudi Export-Import Bank (Saudi EXIM) has announced the signing of a $100 million line of credit agreement with Turkey's Ziraat Bank. The agreement aims to finance the export of Saudi non-oil products and services to Turkish markets and comes within the bank's efforts to empower the non-oil national economy and enhance the competitiveness of Saudi products in international markets.
The agreement was signed by H.E. Eng. Saad bin Abdulaziz Alkhalb, CEO of Saudi EXIM Bank, during a signing ceremony held in Istanbul, Turkey.
H.E. stated that the agreement is part of the bank's ongoing efforts to strengthening international trade relations, providing opportunities for Saudi exporters to expand their export activities, and encouraging international buyers to favor Saudi products and services. He further emphasized the bank's commitment towards achieving the objectives of Vision 2030, which include building a diversified and sustainable economy, maximizing the economic impact of export activities, and increasing the contribution of non-oil exports to 50% of the Kingdom's GDP by 2030.
