NDMC inks $1.5B financing deal with Japan’s NEXI

01:17 PM (Mecca time) Argaam
NDMC said the financing aims to support purchases in the water and energy sectors

NDMC said the financing aims to support purchases in the water and energy sectors

Saudi Arabia’s National Debt Management Center (NDMC) and Japan-based Nippon Export and Investment Insurance (NEXI) announced the completion of a 12-year financing arrangement worth $1.5 billion, aimed at supporting purchases in the water and energy sectors.

 

According to a statement issued by the center today, the announcement was made during the Saudi-Japanese Roundtable meeting held in Riyadh on Jan. 11, 2025.

 

The financing is part of efforts to strengthen trade and investment relations between the two countries and to leverage available financing solutions for government projects, in line with Saudi Vision 2030.

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