Saudi EXIM Bank launches digital portal for non-financial services

Saudi EXIM Bank launched a digital portal to provide “non-financial services” through the bank’s website, with the aim of enhancing the efficiency of export activities in the Kingdom, enabling local business sectors to grow, and enhancing their competitive capabilities to expand and spread in global markets.

Through this portal, the bank seeks to facilitate the access of establishments to programs and solutions dedicated to building the capabilities of establishments to practice export activities, as part of developing and sustaining businesses, and providing a comprehensive vision of the necessary systems and requirements in all stages of export operations, including providing studies and consultations, best practices and expertise for managing and developing international businesses, and benefiting from detailed information provided by government sources.

The bank also provides a specialized team that works to provide appropriate consultations according to the commercial activity, target markets, and level of readiness for export.

It is worth noting the importance of export in the growth and sustainability of establishments, and its positive impact on increasing sales and business growth opportunities for the establishment in exchange for entering new markets.

Exporting also represents a successful strategic model to reduce the risks that may face any commercial activity, as a result of relying on diversifying markets, reducing costs resulting from increased production, and that continuous presence in foreign markets increases the ability to compete, to obtain a larger market share, enhances quality and production standards, the use of modern technologies, the development of technical specifications, and the use of international marketing means and tools. The non-financial services portal includes export procedures and requirements, sources for managing and sustaining business operations, sources for developing and growing businesses, and sources for studying markets and planning. The bank will work to develop non-financial services periodically, in an effort to provide the latest information and studies related to export activities, and raise the readiness of establishments to benefit from credit facilities prepared specifically for the growth of Saudi exports. It is worth noting that the Saudi EXIM Bank is a development bank affiliated with the National Development Fund, and works to contribute to diversifying the economic base of the Kingdom, by enhancing the efficiency of the export system of national non-oil products and services by bridging financing gaps and reducing export risks. This contributes to the growth of the national non-oil economy in accordance with the Kingdom’s Vision 2030.