RIYADH: Saudi Arabia’s Public Investment Fund has signed a memorandum of understanding with the Export-Import Bank of the US to establish a financing framework worth up to $15 billion to support strategic investments and procurement from US companies. The agreement, announced on Friday, will provide long-term export credit financing for eligible PIF portfolio companies to buy US-origin goods and services, strengthening trade and investment ties between the two countries.

Saudi Arabia’s Public Investment Fund (PIF) and the US Export-Import Bank signed an agreement worth up to $15 billion on Friday.The MoU provides a

RIYADH: Saudi Arabia’s Public Investment Fund has signed agreements worth up to $9.5 billion with two World Bank Group institutions to unlock investment, support economic…