JEDDAH: As Saudi Arabia accelerates its Vision 2030 economic diversification strategy, the Saudi Export-Import Bank is emerging as a key driver in boosting non-oil exports, supporting small and medium enterprises, and mitigating the inherent risks of international trade.
Launched in 2020 under the National Development Fund, Saudi EXIM aims to strengthen non-oil exports and enhance global competitiveness through financing, guarantees, and credit insurance across diverse sectors.
By enabling businesses to expand internationally, the bank reinforces the Kingdom’s trade position in line with Vision 2030’s goal of diversifying the economy and increasing the non-oil exports’ share of gross domestic product.
Financing growth
Marking 5 years since its founding, Saudi EXIM has provided credit facilities totaling SR67 billion ($18.1 billion), combining financing and insurance to expand Saudi non-oil exports into global markets.
