• In a meeting held on August 5, 2025 with a delegation from Saudi EXIM Bank led by their Chief Executive Officer (CEO) Eng. Saad Al-Khalb, the Cabinet Secretary (CS) for Trade, Investments and Industry Lee Kinyanjui hailed the trade and investment priorities that Kenya and Saudi Arabia have.

The partnership between Kenya Development Corporation and the Saudi EXIM Bank is poised to create jobs for Kenyans.

In a meeting held on August 5, 2025 with a delegation from Saudi EXIM Bank led by their Chief Executive Officer (CEO) Eng. Saad Al-Khalb, the Cabinet Secretary (CS) for Trade, Investments and Industry Lee Kinyanjui hailed the trade and investment priorities that Kenya and Saudi Arabia have.

"Kenya is rich in agricultural potential, while Saudi Arabia brings financial strength and vital energy resources," he said.

According to CS Kinyanjui, this collaboration is expected to enhance access to finance for businesses, including SMEs, and unlock new areas of bilateral cooperation. 

Photo credit: X

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"Ultimately, it will support job creation and wealth generation for Kenyans," he added.

This collaboration marks a step in President William Ruto achievement under Bottom up Economic Transformation Agenda (BETA).

President Ruto’s trade and investment strategy is deeply rooted in his BETA, which prioritizes financing for small and medium-sized enterprises (SMEs), scaling up agro-processing, strengthening market linkages, and driving job creation and wealth generation.

These initiatives are designed to foster inclusive economic growth and are closely aligned with Kenya’s Vision 2030, which seeks to position the country as globally competitive and socially cohesive.

On July 29, 2025, during a meeting with  the President of the Arab Bank for Economic Development in Africa Abdullah Almusaibeeh, President Ruto emphasized Kenya’s commitment to working with financial partners to drive national transformation.

President William Ruto meets the President of the Arab Bank for Economic Development in Africa Abdullah Almusaibeeh, State House, Nairobi. (Photo credit: X)

“Kenya appreciates the Arab Bank for Economic Development in Africa for its continued support in infrastructure, health and agriculture. We commit to work closely with financial partners to transform our country,” he said.

This sentiment reinforces the importance of strategic collaborations like the one with Saudi EXIM Bank in realizing Kenya’s development goals.