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The Export-Import Bank of Korea signed a framework deal worth $6 billion with Saudi’s Aramco

by WAYA Staff - Mar 8, 2023
The Export-Import Bank of Korea signed a framework deal worth $6 billion with Saudi’s Aramco

The Export-Import Bank of Korea signed a three-year framework agreement with Saudi Arabian Oil Company (Aramco), to provide up to $6 billion in financing for projects involving South Korean companies in the Middle East. 

Through the $6 billion agreement, $1 billion will be allocated for hydrogen and renewable energy deals, the Export-Import Bank of Korea stated.

The three-year agreement is considered a step that will help South Korean companies win contracts in the Kingdom.

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