Beth: The National Debt Management Center - Ministry of Finance - signed a memorandum of cooperation with the Nippon Export and Investment Insurance Company (NEXI) last week, and the agreement was signed by the Center CEO of the National Debt Management Center, Mr. Fahad Al-Saif, and by the Nippon Export and Investment Insurance Company, Mr. Atsu Kuroda Chairman and CEO of the company.

On this occasion, His Excellency the Minister of Finance, Chairman of the Board of Directors of the National Center for Debt Management, Mr. Muhammad bin Abdullah Al-Jadaan confirmed that the signing of the memorandum of cooperation, which comes in conjunction with the fifth ministerial meeting on the Saudi-Japanese Vision 2030, aims to expand funding opportunities for government projects implemented by Japanese companies in the Kingdom of Saudi Arabia Saudi Arabia, pointing out that this agreement will contribute to creating a general framework for cooperation between the National Center for Debt Management and the "Nippon" company to secure exports and investments, and to attract financial institutions to finance a variety of strategic projects in a number of sectors with competitive lending terms and a flexible financing structure, to be an important partner in achieving The center's strategic objectives in financing.

For his part, Fahad Al-Saif said: “Nippon Export and Investment Insurance Company will provide new financing solutions and ideas by working on an innovative project to finance export credit loans, and provide support in a way that better suits the requirements of the projects, and the two parties will also exchange views and information in particular, according to this memorandum. With regard to the financial and international markets, and the various projects of common interest. "

It is noteworthy that the State of Japan is one of the largest trading partners of the Kingdom of Saudi Arabia, as both countries have benefited mutually since they first established diplomatic relations in 1955, through the exchange of various commercial operations, and the transfer of high-quality products and technologies.