The newly signed US$5.1 billion Memorandum of Understanding between UK Export Finance (UKEF) and the Public Investment Fund (PIF) represents a significant step in advancing Saudi Arabia’s economic diversification and large-scale development strategy. This article examines how the MoU strengthens the Kingdom’s ability to secure competitive capital, stabilise project financing, enhance investor confidence, and accelerate the delivery of transformative infrastructure and industrial projects under Vision 2030. It also explores the role of export credit agencies (ECAs) in de-risking complex projects, supporting local content, and enabling Saudi corporates and sovereign-backed entities to access international financing on more favourable terms.

Our Expertise in ECA-Backed Financing and Strategic Projects

Tasheel Law Firm advises sovereign institutions, project sponsors, lenders and corporates on the full spectrum of project finance and ECA-supported transactions in Saudi Arabia. Our expertise includes:

• Structuring ECA-backed financing and credit-enhanced lending

• Advising on risk allocation, due diligence, and lender requirements

• Supporting PIF companies and government-related entities in project development

• Navigating multi-layered regulatory approvals and compliance

• Drafting and negotiating project, procurement and financing documentation

• Advising on local content strategies, vendor development and supply-chain localisation

We bring deep experience in aligning international financing structures with Saudi law, regulatory expectations, and the Kingdom’s strategic development priorities.

How Tasheel Law Firm Can Help

We support clients in securing and deploying ECA-backed financing effectively, including:

• Structuring financing packages aligned with ECA standards and lender expectations

• Advising on procurement, risk mitigation and governance frameworks

• Supporting project sponsors in preparing bankable proposals and documentation

• Assisting corporates and PIF subsidiaries in attracting international co-investors

• Ensuring compliance with local-content and localisation programme requirements

• Managing negotiations across commercial lenders, ECAs and regulatory bodies

Our approach ensures that major projects — including infrastructure, industrial, energy and logistics — are structured for stability, regulatory clarity and long-term execution.

Get in Touch

To discuss ECA-backed financing, project development, or strategic transactions connected to Saudi Arabia’s evolving investment landscape, contact Tasheel Law Firm. Our project finance and regulatory teams are available to support your initiatives with precision, insight and practical execution support.