National Debt Management Center Signs Memorandum of Cooperation with Nippon Export and Investment Insurance

National Debt Management Center Signs Memorandum of Cooperation with Nippon Export and Investment Insurance

National Debt Management Center Signs Memorandum of Cooperation with Nippon Export and Investment Insurance



الخميس 1442/5/23 هـ الموافق 2021/01/07 م واس



























Riyadh, January, 07, 2021, SPA -- The National Debt Management Center (NDMC) signed, today, Tuesday December 15, 2020, a Memorandum of Cooperation with Nippon Export and Investment Insurance (NEXI). The agreement was signed by Fahad Al-Saif, Chief Executive Officer of the NDMC, and Atsuo Kuroda, Chairman and CEO of NEXI.

Mohammed Al-Jadaan, Chairman of the NDMC's Board of Directors, explained that the signing of the Memorandum comes concurrently with the fifth Saudi-Japan Vision 2030 Ministerial Meeting. The Memorandum aims to expand the opportunities of financing government projects implemented by Japanese companies in the Kingdom of Saudi Arabia. He pointed out that this agreement will contribute to creating a comprehensive framework for cooperation between the NDMC and NEXI in attracting financial institutions to finance various strategic projects in a number of sectors with competitive lending terms and a flexible financing structure. He also noted that NEXI will be one of the key partners in achieving the NDMC's strategic financing goals in alternative funding.