Saudi Export-Import Bank Boosts Support: A 128% Surge in Financing and Insurance

Saudi Export-Import Bank: Financing and Trade Deficit In a significant stride towards bolstering its economy, the Saudi Export-Import Bank (Saudi Exim) has marked impressive growth in its financing and insurance services. With a focus on expanding non-oil exports, Saudi Arabia’s efforts to diversify its economy are more critical than ever. The latest figures reveal substantial increases in financing and insurance, pointing to a strategic push towards reducing the trade deficit and enhancing the kingdom’s global trade footprint. Saudi Export-Import Bank’s Impressive Growth Financing and Insurance Services Surge Saudi Exim’s contribution to the kingdom’s economy has reached new heights, with a reported $4.3 billion in financing and insurance services. This figure represents a remarkable 128% increase from the previous year, underscoring the bank’s pivotal role in driving Saudi Arabia’s export