PIF and U.S. Export-Import Bank sign $15B MOU
The Saudi Public Investment Fund (PIF) and the U.S. Export-Import Bank (EXIM) have signed a Memorandum of Understanding valued at up to $15 billion, aimed at strengthening financial cooperation, investments, and trade exchanges between Saudi Arabia and the United States. The memorandum seeks to support the purchase of American goods and services by companies within the fund’s portfolio, while exploring collaboration opportunities in sectors such as advanced technology, space and aviation, infrastructure, and future mobility, to enhance supply chains and innovation. Since 2017, the fund and its companies have purchased $65 billion worth of goods from the U.S. market, contributing $35 billion to the U.S. GDP. The cooperation focuses on enabling sustainable economic development for both countries in the long term.
تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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