The National Debt Management Center (NDMC) and the Japanese Export Credit Agency (NEXI) have arranged a financing agreement valued at $1.5 billion. The twelve-year agreement is intended to support procurement activities in Saudi Arabia’s water and energy sectors. The announcement was made during the Saudi–Japanese Roundtable held in Riyadh on January 11, 2025.
The signing was attended by Hani Almedaini, CEO of NDMC, and Atsuo Kuroda, Chairman of the Board and CEO of NEXI.
According to the parties involved, “This financing comes as part of the efforts to strengthen the commercial and investment relations between the two countries, and to leverage available financing channels for government projects in alignment with Saudi Vision 2030 objectives.”
The initiative is designed to help advance projects that align with Saudi Arabia’s long-term economic development plans under Vision 2030.
