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MENAFN - Arab News - 26/09/2012

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(MENAFN - Arab News) Saudi Fund for Development yesterday signed three agreements in Tunis to provide soft loans worth SR 828.7 million to finance Tunisia's development projects, bringing total SFD loans to the country to SR
2.2 billion.

The deals were signed by SFD Managing Director Yousuf Al-Bassam and Tunisian Investment and International Cooperation Minister Riyad Baltayeb in the presence of Prime Minister Hamadi Jebali and Saudi Ambassador Khaled Al-Anqari.

Al-Bassam said the new loan agreements would boost Tunisia's development as it would finance vital projects. Altayeb highlighted the strong relations between the two countries.

SFD will give SR 450 million for an electricity project in Sousa, SR 318.75 million to finance a gas pipeline project and SR 60 million to develop the country's vocational training system, an official statement said.

 






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