Riyadh, Saudi Arabia – The Saudi Export-Import Bank (Saudi EXIM) signed a memorandum of understanding (MoU) with China Export and Credit Insurance Corporation (SINOSURE) to establish a cooperation framework.
This framework aims to explore various fields of cooperation, including knowledge exchange, employee training, finance and investment opportunities in Saudi Arabia and China.
The MoU was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh, in the presence of Dr. Nayef Al-Shammari, Deputy CEO of Saudi EXIM Bank, SINOSURE Vice President XU Xinwei, and several senior executives from both sides.
Al-Shammari stated that this partnership is expected to contribute to enhancing the Kingdom’s non-oil exports.
He said that it presents an opportunity to exchange information, enhance training, and develop businesses.
