The Saudi EXIM Bank has participated as a strategic partner in the seventh session of the Riyadh Industrialists Council, organized by the Industry Committee of the Riyadh Chamber, according to a press release from the bank. With a theme of ‘Investment Opportunities in the Industrial Sector,’ the session was held in the presence of Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khurayef at Riyadh International Convention and Exhibition Center.
In a panel discussion titled “Investing in Industry”, the list of speakers included, the minister of industry and mineral resources and Deputy CEO of Saudi EXIM Dr. Naif bin Abdulrahman Al-Shammari amongst several chief representatives of the government industrial ecosystem.
Participants highlighted the strategic opportunities laid out in the national industrial strategy and the available incentives to industrial investors to capitalize on such opportunities.
Dr. Al-Shammari pointed out the bank’s role in amplifying industrial investments, emphasizing the importance of exports in achieving national strategic objectives. He added that Saudi EXIM is actively participating in growing the value of the Kingdom’s industrial exports to SAR892 billion by 2035. He said that Saudi EXIM Bank provides various credit solutions catering to the different needs across the export activity.
He stressed that Saudi EXIM has already encouraged many local investors to enter the field of exports and has contributed to expanding the activities of other local exporters in existing markets and accessing new markets, as well as enabling exporters to withstand the challenges that limit the continuity of their export activities.
According to the release, the bank is fully dedicated to fulfilling its critical role by fostering cooperation and integration with governmental and financial institutions. This is essential to facilitate the growth of the industrial sector, enabling the development of non-oil exports. Additionally, the bank enables small and medium enterprises (SMEs) to export their non-oil products to global markets. It is worth mentioning that the bank remains committed to staying abreast of the dynamic needs of exporters, ensuring their continued success.
Saudi EXIM Bank’s sponsorship of the Riyadh Industrialists Council, said the release, comes as part of its efforts to strengthen connections with manufacturers, communicate with investors, experts, and representatives of relevant authorities and learn more about developing national industries in support of Saudi non-oil exports.
source: spa.gov.sa