Saudi EXIM Bank & MITSUI & CO. sign joint cooperation agreement

By Shilpa Annie Joseph, Official Reporter
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Saudi EXIM Bank signs MoU
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Saudi Export-Import Bank (Saudi EXIM Bank) has signed a memorandum of understanding (MoU) with MITSUI & CO., MIDDLE EAST LTD., in order to establish a framework for joint cooperation between the institutions.

The cooperation allows the two parties to benefit from their potential, and to provide credit solutions that support the export activities of Saudi non-oil goods and services, in line with the objectives of the Kingdom’s Vision 2030 and its aspirations to develop non-oil exports and build a sustainable national economy.

The bank was represented by the Chief Executive Officer, Eng. Saad bin Abdulaziz Al-Khalb, while MITSUI & CO., MIDDLE EAST LTD, was represented by General Manager, Mr. Katsuhiro Nakagawa, at the Saudi-Japanese Investment Forum, in the presence of the Minister of Investment, Eng. Khalid Al-Falih, and senior staff from both sides.

The company’s General Manager praised this cooperation, which opens new windows for cooperation with the Saudi EXIM Bank, in a way that achieves the interest of both parties and allows the exchange of information and opportunities that have a positive impact on Saudi non-oil exports.

Saudi-Japanese Investment Forum

The Saudi-Japanese Investment Forum highlighted the investment opportunities to strengthen the investment partnership between the two countries in light of Saudi-Japan Vision 2030. It also reviewed opportunities to expand the investment partnership between the two countries in a number of strategic sectors.

As per the statement, the forum witnessed the exchange of 15 investment memorandums of understanding between the two sides in a number of fields.

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