21 Hrs
Source:
الاقتصادية
Al-Saudi allocates 1.77B riyals for projects in 11 nations
The Saudi Fund for Development provided financing totaling 1.77 billion SAR through 13 development loan agreements with 11 developing countries during 2025. These funds aim to support priority projects and promote sustainable development. The financing was distributed across Asia and the Pacific (855 million SAR), Latin America and the Caribbean (422.62 million SAR), Africa (368.28 million SAR), and Europe (120 million SAR). The social infrastructure sector accounted for 62.79% of the total, with 1.11 billion SAR, followed by the energy sector with 337.5 million SAR, then transportation and communications with 177 million SAR, and agriculture with 143.29 million SAR. Several international institutions participated in the funding. During the year, nine joint loans were issued, amounting to 1.315 billion SAR out of a total project cost of 4.97 billion SAR, with the aim of enhancing economic and social development in developing countries. Over five decades, the Fund has signed 808 loans with 101 countries, totaling over 83 billion SAR in support of growth and prosperity in those nations.
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