Finance ministry inks 4 MoUs to boost investment

24/02/2020 Argaam

 

The Ministry of Finance’s Projects Support Fund inked 4 memorandums of understanding (MoUs) on the sidelines of the Municipal Investment Forum (Furas), organized by the Ministry of Municipal and Rural Affairs (MOMRA).

 

Three of these MoUs, which support the Fund’s initiative, were inked with Banque Saudi Fransi (BSF), SAMBA Financial Group, and Riyad Bank, according to a ministry statement.

 

These MoUs seek to boost partnerships with the private sector, in addition to developing the partnership model between the Projects Support Fund and other financial institutions in financing and providing consultancy services to the target projects.

 

The Projects Support Fund aims to enhance the contribution of the private sector, encourage financial institutions to arrange loans, boost local content, narrow supply-demand gap and bolster economic diversification.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.