The Saudi Export-Import Bank (Saudi EXIM) signed a memorandum of understanding (MoU) with the China Export and Credit Insurance Corporation (SINOSURE) to establish a cooperation framework between the two sides.
The framework aims to explore various fields of cooperation, including knowledge exchange, employee training, and finance and investment opportunities in both countries.
The MoU was signed at the Saudi EXIM Bank headquarters in Riyadh, in the presence of Dr. Nayef Al-Shammari, Deputy CEO of the Saudi EXIM Bank, SINOSURE Vice President XU Xinwei, and several senior executives from both sides.
Al-Shammari said the partnership is expected to contribute to enhancing the kingdom’s non-oil exports.
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