MoU will facilitate a financial structure to support Saudi Arabia’s PIF and its portfolio companies in procuring goods and services from UK companies.

UK Export Finance (UKEF), the UK’s export credit agency, and PIF have signed a Memorandum of Understanding (MoU) to strengthen financial cooperation and expand trade and investment opportunities between the United Kingdom and Saudi Arabia.

UKEF has a total market risk appetite of £4-5 billion in Saudi Arabia. Through this MoU, the agency will partner with PIF – Saudi Arabia’s sovereign wealth fund – and its portfolio companies to access a pipeline of existing and prospective projects in the country that, if backed with UKEF financing, will offer numerous supply contracts for UK-based suppliers. The agreement will make it more attractive fo

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