To promote trade within the Organization of Islamic Cooperation (OIC), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is extending its partnership with the Saudi EXIM Bank.
Access to new markets, simpler connections between Saudi businesses and OIC nations, increased trade opportunities, decreased export risks, boosted economic growth, enhanced trade between Saudi Arabia and the OIC, and promoted regional economic prosperity have all been made possible by the partnership thus far.
The OIC economy has benefited from cooperation with the Saudi EXIM Bank, according to ICIEC, which has also enhanced Saudi Arabia’s position as a leader in trade.
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ICIEC has been offering cutting-edge insurance solutions to support economic development and progress for thirty years.
By providing funding for infrastructure and social development projects, it is dedicated to promoting social and economic development as a member of the Islamic Development Bank (IsDB).
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About Saudi Exim Bank
Saudi Exim Bank, development bank that provides direct and indirect financing services, export credit insurance with competitive advantages, and promotes the development and diversification of Saudi exports and their ability to compete in global markets in various sectors to boost confidence in Saudi exports, enter new markets, and reduce importer non-payment risks.
About ICIEC
The Islamic Development Bank (IsDB) Group includes ICIEC. The goal of ICIEC was to strengthen OIC economic cooperation based on Islamic Shari’ah.
