Saudi Export-Import Bank will help boost Saudi exports: Al-Khorayef

SourceSaudi Gazette
SectorEconomy
CountrySaudi Arabia

RIYADH — The Saudi Export-Import Bank (EXIM) will help boost Saudi exports as it provides financial support to exporters as well as importers, said Minister of Industry and Mineral Resources Bandar Al-Khorayef on Monday.He said that the bank provides credit solutions that contribute to expediting and facilitating export operations in the private sector and overcoming obstacles facing this important activity, with the aim of increasing the share of non-oil exports in the GDP.Al-Khorayef made the remarks during the launch of EXIM’s website. He praised the interest of the government of Custodian of the Two Holy Mosques King Salman to promote and enable non-oil exports, and for its generous support to achieve the bank’s goals of developing the national economy and raising the proportion of non-oil exports from 16 percent to 50 percent in line with the goals of the Kingdom's Vision 2030.Al-Khorayef explained that EXIM, which was launched recently, will continue its efforts to reduce the gaps in financing Saudi exports and to serve various segments of the beneficiaries, such ...read more...