Export-oriented companies in Türkiye will be offered favorable financing options to cover their raw material needs for non-oil products of Saudi Arabian origin, according to an announcement by Türk Eximbank. Exporters will benefit from financial support with terms of up to two years and competitive pricing.
The agreement holds strategic significance for boosting trade volumes between Türkiye and Saudi Arabia, enhancing the competitiveness of Turkish companies in international markets, and facilitating access to export financing.
The financing opportunities are expected to particularly benefit medium- and large-sized enterprises operating in export-driven sectors such as manufacturing, textiles, machinery, chemicals, and food production.
Through this agreement, exporters will be able to finance the procurement of raw materials and semi-finished goods needed in their production processes at favorable costs.
In a statement last month, Türk Eximbank CEO Ali Güney said the bank had provided $25.4 billion in export support during the first half of the year. He noted that in order to offer long-term, cost-effective financing to exporters, the bank secured $5.2 billion from international capital markets and financial institutions during the period, of which $1.1 billion was sourced from sustainability-linked instruments.
