Source: Riyadh – SPA
The Memorandum of Understanding was signed by the Ministry of Finance, Chairman of the Board of Directors of the National Center, Mohammed bin Abdullah Al-Jadaan, and by the French Export Credit Agency, Director-General of the Agency, François Lefebvre.
The two parties expressed their happiness for the new agreement and its role in promoting bilateral economic relations between France and the Kingdom.
The signing of the Memorandum of Understanding comes within the framework of enhancing bilateral cooperation and partnership and discussing possible commercial opportunities that will benefit both countries.
The memorandum includes a number of cooperative activities, including export insurance coverage and a guarantee to cover financing of strategic projects, and providing support to secure financing for a number of government projects in the Kingdom.