Riyadh: The National Debt Management Center (NDMC) and the Japanese Export Credit Agency (NEXI) have announced a significant 12-year financing agreement worth $1.5 billion. This agreement aims to support procurement activities in the water and energy sectors and was revealed during the recent Saudi-Japanese Roundtable held in Riyadh.
According to Saudi Press Agency, the announcement was made in the presence of NDMC CEO Hani Almedaini and NEXI Chairman of the Board and CEO Atsuo Kuroda. This financing initiative is part of a broader effort to enhance commercial and investment ties between Saudi Arabia and Japan. It aims to utilize available financing channels for government projects in line with Saudi Vision 2030.