The event took place in Istanbul, Turkey, on May 18, 2024. In order to fund the sale of Saudi non-oil goods and services to Turkish markets, the Saudi Sale-Import Bank (Saudi EXIM) has announced that it has signed a line of credit arrangement with the Turkish Ziraat Bank in the amount of one hundred million dollars.EXIM reached the contract as part of its aim to build a country's economy that is not dependent on oil and to increase the competitiveness of Saudi Arabian exports in international markets.Saad bin Abdulaziz AlKhalb, Saudi EXIM CEO, completed the transaction in Istanbul, which is located in the Republic of Turkey.After further clarification, AlKhalb stated that the deal is a component of the bank's efforts to achieve the objectives of the Saudi Vision 2030. These objectives include the creation of a diversified and sustainable economy, the maximization of the economic effect of export activities, and the increase of Saudi Arabia's share in the non-oil GDP to fifty percent by the year 2030. The agreement is a component of the bank's efforts to enhance global trade relationships, enabling Saudi exporters to expand their operations and increase the quantity of Saudi goods and services they offer on international markets.