Jakarta: The Saudi Export-Import Bank (Saudi EXIM) signed a Memorandum of Understanding (MoU) with the Indonesia Eximbank to establish guiding principles for strengthening cooperation and developing trade between the two countries.
According to Bahrain News Agency, the agreement outlines multiple areas of cooperation, including encouraging business engagement between Saudi and Indonesian companies, exploring opportunities to support joint projects, promoting the exchange of information and best practices related to export credit policies, and collaborating on the development of new export products.
Saudi EXIM also held several meetings with representatives from export credit agencies, financial institutions, and trade organisations in Indonesia. These meetings aimed to expand trade prospects, strengthen economic cooperation, and support local exporters in scaling their international operations, thereby enhancing the global reach of Saudi non-oil exports.