16 Hrs
Source:
الاقتصادية
Al-Saud Development allocates 1.77 billion riyals for projects in 11 countries
During the year 2025, the Saudi Development Fund provided financing totaling 1.77 billion riyals through 13 loan agreements with 11 developing countries, aimed at supporting priority development projects and promoting sustainable development. The funding was distributed across four geographical regions, with Asia and the Pacific leading at 855 million riyals, followed by Latin America and the Caribbean with 422.62 million riyals, Africa with 368.28 million riyals, and Europe with 120 million riyals. The majority of the funding (62.8%) focused on the social sector, with a strong emphasis on social infrastructure, while a smaller portion was allocated to energy, transportation, and agriculture. The agreements also included support for three new countries (Suriname, the Solomon Islands, and Barbados), with extensive participation from multiple development entities, reflecting the Saudi development sector’s expanding global presence. Over the past fifty years, the fund has signed 808 loan agreements with 101 countries, with a total cumulative financing of 83.26 billion riyals, aimed at supporting economic and social growth.
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