The Chairman of Asharqia Chamber: The Export-Import Bank is a major step that improves the efficiency of the export environment and the quality of services supporting export

​The Chairman of Asharqia Chamber: The Export-Import Bank is a major step that improves the efficiency of the export environment and the quality of services supporting export

The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, described the cabinet decision issued on Tuesday, February 18th, to establish the Export and Import Bank, as a major step that improves the efficiency of the export environment and the quality of services supporting export, saying: The bank comes as one of the most important mechanisms Supporting and complementing the serious steps taken by the state to raise the growth rates and the contribution of the industrial sector to the gross domestic product, and it is to achieve our national options by diversifying the production base and achieving industrial integration and stimulating the growth of non-oil exports, offering his thanks and appreciation to High-Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Fall, and the Export Development, on the big roles that they have made the decision to establish export and import bank.​

Al-Khaldi stressed that the industrial sector in the country is witnessing major developments that supported his growth opportunities in the national economy, and that the establishment of the Export and Import Bank would open broad horizons for the development of non-oil exports, which come as one of the most important pillars of the vision of 2030, towards a diversified and prosperous economy, it is an opportunity Exporters and importers can obtain diversified and affordable financing products that support their needs during all stages of the export process or several training and consulting services.

For this part, Ibrahim Al Sheikh, The Chairman of the Board of Directors of the Industry and Energy Committee of the Asharqia Chamber, said that the inauguration of the Export and Import Bank reflects the extent of government interest in the industrial sector and its serious endeavor to enhance its role in the national economy, especially as it is one of the dependent sectors capable of promoting growth Sustained economic, and assimilation of the national workforce, indicating that it marks the recovery of the industrial sector and its increasing competitiveness with high levels of quality and performance and finding value-added products that enhance the industrial process in the country.​

Al-Sheikh stressed his optimism in the country's industrial sector and its ability to achieve its future goals, and that it is on the threshold of a new plant that will enhance the national product and increase its competitiveness at home and abroad. , which helps to raise the export readiness of industrial enterprises and motivate them to develop and modernize and facilitate their access to appropriate export markets​.