Saudi Arabia to set up SAR 30 bln export bank, says Al-Falih

13/12/2017 Argaam

 

Saudi Arabia will establish an export bank with SAR 30 billion in capital, energy, industry and mineral resources minister, Khalid Al-Falih, said on Wednesday.

 

The new facility aims to encourage and support exports, as well as other industrial and mining projects across the Kingdom.

 

As many as SAR 5 billion have been allocated as a first installment for the bank this year, Al-Falih added on the sidelines of a forum organized by Saudi Aramco. 

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