24 Hrs
Source:
الوئام
Saudi funds across 11 countries shift
The Saudi Development Fund announced funding totaling 1.766 billion riyals through 13 loans in 11 countries during the fiscal year 2025. These loans are distributed across four main sectors: social infrastructure (62.79%), energy (19.11%), transportation and telecommunications (9.98%), and agriculture (8.12%). The funding primarily focuses on improving social services, providing energy, and developing infrastructure. It is involved in nine joint projects with a total value reaching approximately 4.97 billion riyals, with the Fund contributing about 26.46% of the total project costs. Despite a 52.3% decrease in funding compared to 2024, the importance of financial partnerships in executing major development projects becomes clear. The continued allocation of funds supports vital sectors to promote sustainable development in the beneficiary countries.
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