Riyadh, The Saudi Export-Import Bank (Saudi EXIM) signed a memorandum of understanding with the China Export and Credit Insurance Corporation (SINOSURE) to establish a cooperation framework between the two sides. This framework aims to explore various fields of cooperation, including knowledge exchange, employee training, and finance and investment opportunities in both countries.
The memorandum of understanding 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 the 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 added that it presents an opportunity to exchange information, enhance training, and develop businesses.
Source: Saudi Press Agency