Investment Fund Concludes $24.5B Deals
The Public Investment Fund signed three agreements totaling up to $24.5 billion to enhance financial cooperation with international institutions. These agreements include a memorandum of understanding with the U.S. Export-Import Bank to support $15 billion in financing for the purchase of American goods; a memorandum with the International Finance Corporation for $6 billion to invest in priority projects within strategic sectors in the Kingdom and the region; and another with the International Investment Guarantee Agency for $3.5 billion to facilitate financing and support investment companies in the Middle East and North Africa. These agreements aim to diversify sources of funding, support sustainable development, and promote economic transformation in the Kingdom.
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