Global Trade Alert
Global Trade Alert

Saudi Arabia: SFD signs financing agreement with African ExImBank to promote Saudi exports to Africa

Announcement

15 May 2010

On 15 May 2010, the Saudi Fund for Development (SFD), signed a financing agreement with the African Export Import Bank. The financing agreement is part of SFD's Saudi Export Program (SEP) and contains a local sourcing requirement.

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Number of interventions

2

0 certainly harmful

2 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 15 May 2010
Local value added incentive

According to the terms of the SFD, the goods and services exported within this transaction must contain a Saudi domestic value of 25% or more.

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Updated: 15 May 2010
Trade finance
The financing agreement with the African Export Import Bank totals SAR 150 million (USD 40 million) . The credit line is funded through SFD's Saudi Export Program (SEP) and will finance Saudi Arabian ...
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