DUBAI / WAM
Emirates NBD expanded its presence in Saudi Arabia with the opening of its first branch in the city of Khobar. The bank now operates in three key regions within the Kingdom, with branches in Riyadh, Jeddah and Khobar.
As Saudi Arabia moves forward in enacting its plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced the creation of ‘The Strategy of Resolve’, a joint vision for economic development through carrying out 44 joint strategic projects within a five-year timeframe.