Riyadh – Mubasher: The National Debt Management Center (NDMC) signed last week a memorandum of cooperation (MoC) with Japan's Nippon Export and Investment Insurance (NEXI).

The MoC aims to expand the opportunities of financing government projects implemented by Japanese companies in Saudi Arabia, according to a press release on Thursday.

Moreover, it will contribute to creating a comprehensive framework for cooperation between the NDMC and NEXI in attracting financial institutions to finance various strategic projects in a number of sectors with competitive lending terms and a flexible financing structure, according to the Minister of Finance and NDMC's board chairman, Mohammed Al-Jadaan.

The NEXI will be one of the key partners in achieving the NDMC's strategic financing goals in alternative funding, Al-Jadaan noted.