Riyadh, September 12, 2024 — The Saudi Export-Import Bank (Saudi EXIM) has unveiled a new digital portal on its website, offering a range of "non-financial services" designed to enhance the effectiveness of the Kingdom’s export activities. This initiative aims to bolster the growth of the business sector, increase its competitiveness, and facilitate expansion into global markets.
As a development bank operating under the National Development Fund, Saudi EXIM plays a pivotal role in diversifying the Kingdom's economic base. It focuses on improving the efficiency of the national export system for non-oil products and services, addressing financing gaps, and minimizing export risks. Through these efforts, the bank supports the growth of Saudi Arabia's non-oil economy, in line with the goals of Saudi Vision 2030, which aims to reduce the nation's reliance on oil revenues by expanding other economic sectors.
By introducing this digital portal, Saudi EXIM provides businesses with vital tools and resources that streamline export processes, helping companies navigate the complexities of international trade. These non-financial services are part of a broader strategy to empower the private sector, encourage innovation, and foster stronger trade relationships with global markets.