□ The deals Korea Eximbank signed with the two large state-run energy companies in the Middle East are as part of its "up-front financial commitment" strategy.
○ Under the agreements, Korea Eximbank will provide a total of $11 billion in loans to state-run oil companies in Saudi Arabia and the UAE, the world's largest construction markets, in the future.
□ After signing the deals, Chairman Bang said, "With the framework agreements, Korean companies are expected to have much higher chances of winning large-scale energy projects in the Middle East," adding, "As the deals include preferences for hydrogen and renewable energy projects, we expect new opportunities in these fields as well.“