Trade relations between Saudi Arabia and Thailand are poised to prosper following the recent accord formalized by the Saudi EXIM Bank.
According to the Saudi Press Agency, the memorandum of understanding, inked between the Saudi EXIM Bank and its Thai counterpart, is geared towards bolstering collaboration in export and import-related endeavors.
The agreement, finalized during the Asian EXIM Banks Forum held in Sydney from November 20 to 23, resonates with the Saudi EXIM Bank’s strategic agenda.
It aims to invigorate the Kingdom’s non-oil economy in international markets. Furthermore, it mirrors the bank’s objective of facilitating Saudi exports’ access to global markets by addressing financial gaps and mitigating associated risks.
Source: Arab News