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Saudi EXIM Bank, InvestChile sign deal to boost economic ties

Saudi EXIM Bank, InvestChile sign deal to boost economic ties

Saudi EXIM Bank, InvestChile sign deal to boost economic ties

Aug 01, 2024

Riyadh: The Saudi Export-Import Bank (Saudi EXIM Bank) and Chilean Foreign Investment Promotion

Agency (InvestChile) have signed a memorandum of understanding to strengthen cooperation and

commercial ties, promote Saudi exports and investments in Chile, and increase non-oil Saudi exports to Chilean markets.

The agreement was signed by Saudi EXIM Bank CEO Eng. Saad Alkhalb and InvestChile representative on

the sidelines of a Saudi-Chilean investment roundtable in Santiago, Chile.

Alkhalb stressed that the memorandum is a major advancement in fostering economic and trade

relations, collaborative investment initiatives, and increased opportunities for cooperation between

commercial enterprises and financial institutions in the two countries.

He also underscored the significance of the Chilean market for local Saudi exporters and expressed hope

that the agreement will boost non-oil Saudi exports, and the increasingly diversified and expanding Saudi markets.