Minister of Industry and Mineral Resources: The Export-Import Bank is an important source in the development of Saudi exports – MENAFN.COM

CountrySaudi Arabia

(MENAFN - Saudi Press Agency) Riyadh, April 05, 2021, SPA -- Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, confirmed that the Saudi Export-Import Bank is an important source towards enabling Saudi exports to support exporters and importers of their products and services, by providing 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 economic impact of non-oil exports on GDP. During the launch of the website of the Saudi Export and Import Bank, Al-Khorayef valued the interest of the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud 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, according to the goals of the Kingdom's Vision 2030. Al-Khorayef explained that the Export-Import Bank, 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 as Saudi exporters and foreigners with industrial or commercial activities in more...