Riyadh, December 7, 2023, The Saudi EXIM Bank participated as a strategic partner in the seventh session of the Riyadh Industrialists Council, organized by the Industry Committee of the Riyadh Chamber. The session, themed "Investment Opportunities in the Industrial Sector," was held in the presence of Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khurayef at the Riyadh International Convention and Exhibition Center.
During a panel discussion titled "Investing in Industry," the speakers included the Minister of Industry and Mineral Resources and Deputy CEO of Saudi EXIM, Dr. Naif bin Abdulrahman Al-Shammari, alongside other representatives of the government industrial ecosystem. The discussion highlighted the strategic opportunities outlined in the national industrial strategy and the incentives available to industrial investors.
Dr. Al-Shammari emphasized Saudi EXIM Bank's role in amplifying industrial investments and promoting exports to achieve national strategic objectives. He mentioned the bank's active participation in growing the value of the Kingdom's industrial exports to SAR 892 billion by 2035. Dr. Al-Shammari stressed that Saudi EXIM Bank provides various credit solutions to meet the diverse needs of export activities, encouraging local investors to enter the field of exports and supporting existing exporters in accessing new markets.
The bank is dedicated to fostering cooperation and integration with governmental and financial institutions to facilitate the growth of the industrial sector and enable the development of non-oil exports. Additionally, Saudi EXIM Bank supports small and medium enterprises (SMEs) in exporting their non-oil products to global markets, staying attuned to the dynamic needs of exporters to ensure their continued success. The bank's sponsorship of the Riyadh Industrialists Council aligns with its efforts to strengthen connections with manufacturers, investors, experts, and relevant authorities to contribute to the development of Saudi non-oil exports.
