The Ministry of Finance signed today, February 25, 2020 a Memorandum of Understanding (MOU) with Korea Trade Insurance Corporation (K-SURE), at the Ministry’s headquarters in Riyadh city. In signing the MOU, the Ministry of Finance is represented by Mr. Fahad A. Al-Saif, President of National Debt Management Center (NDMC) - MOF, while K-SURE is represented by Mr. Lee In-ho, Chairman & President of K-SURE.
The signing of this MOU comes with a view to strengthen partnership and cooperation in a manner that promotes the relationship between the two countries, through financing the imported goods and services from the Republic of South Korea by exchanging trade experiences and cooperation in every possible way. The MOU provides a credit limit for this strategic partnership to finance government projects with Korean content in the Kingdom.