Türkiye’s state-owned Türk Eximbank has signed a financing agreement with the Saudi EXIM Bank aimed at expanding bilateral trade and providing new financing avenues for exporters.
The deal offers Turkish exporting companies favorable credit terms, including financing with maturities of up to two years and competitive rates. A key feature of the agreement is support for raw material needs, especially non-oil products sourced from Saudi Arabia, which will enhance supply chain resilience for Turkish manufacturers.
Officials highlighted the agreement’s strategic role in strengthening bilateral trade ties, improving the competitiveness of Turkish firms in global markets, and easing access to export financing. The financing is expected to particularly benefit medium- and large-scale companies across industries such as textiles, machinery, chemicals, food, and manufacturing.
By facilitating access to affordable raw materials and semi-finished goods, the pact is designed to give Turkish exporters an edge in international trade while deepening economic cooperation between Türkiye and Saudi Arabia.