RIYADH: The Saudi Export-Import Bank (Saudi EXIM Bank) and Chile’s Foreign Investment Promotion Agency (InvestChile) have signed a memorandum of understanding to enhance cooperation and commercial ties between the two nations.
The agreement aims to promote Saudi exports and investments in Chile while boosting non-oil Saudi exports to the Chilean market, reported the Saudi Press Agency.
The memorandum was signed by Saudi EXIM Bank CEO Eng. Saad Alkhalb and a representative from InvestChile during a Saudi-Chilean investment roundtable in Santiago, Chile.
Alkhalb highlighted that the memorandum marks a significant step forward in strengthening economic and trade relations, fostering collaborative investment projects, and creating more opportunities for cooperation between businesses and financial institutions in both countries.
He emphasized the importance of the Chilean market for Saudi exporters and expressed optimism that the agreement will lead to increased non-oil Saudi exports and further diversification of the Saudi market.
