Saudi fund to invest SAR 367 mln in infra projects in Afghanistan

27/08/2019 Argaam

 

The Saudi Fund for Development (SFD) has announced that it would invest SAR 367.5 million in road and school projects in Afghanistan.

 

A loan valued at SAR 180 million has been approved for Phase 1 of the Ring Road project in the country’s capital city of Kabul, Saudi Press Agency reported on Monday.

 

Another loan, worth SAR 187.5 million, will be used to build a school in Afghanistan.

 

The funds have been approved as part of two agreements signed by the chairman of the board of directors of SFD, Ahmed bin Aqeel Al-Khatib, and Afghanistan President, Dr Mohammad Ashraf Ghani.

 

The fund so far has provided total financing worth SAR 922.5 million for development projects in Afghanistan.

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