Saudi Export-Import Bank (Saudi EXIM) and Qatar Development Bank (QDB) signed a Memoranrum of Understanding (MoU) Under the patronage of H.E. Bandar Alkhorayef, Minister of Industry and Mineral Resources, and H.E. Sheikh Mohammed bin Hamad bin Qassim Al Thani, Qatar's Minister of Commerce and Industry. The agreement aims to enhance cooperation in trade exchange between the two brotherly nations and to support joint commercial projects of mutual interest.
The MoU was signed by H.E. Eng. Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, and Mr. Abdulrahman bin Hesham Al-Sowaidi, CEO of Qatar Development Bank, at the headquarters of the Ministry of Commerce and Industry in Doha.
On this occasion, H.E. Al-Khalb stated, "The MoU with QDB reflects our commitment to strengthening international economic and trade relations. It paves the way for local investors and enables Saudi non-oil exports to expand into global markets. This aligns with Vision 2030 to empower the non-oil economy and build a diversified and inclusive economic foundation." H.E. further added "We will collaborate with QDB to explore global investment opportunities, develop bilateral economic and trade relations, and promote the export and export ecosystem between the two countries. Together, we aim to explore potential projects, offer credit solutions to various businesses. With Qatar's dynamic and promising investment market, we will work to strengthen supply chain integration across the Gulf Cooperation Council (GCC) nations."
