RIYADH, 24 August — The Saudi Development Fund (SDF) recently signed loan accords worth SR1.067 billion with eight African and Asian countries.
The fund is also expected to sign soon a partnership agreement with an international company to provide insurance cover for national exports, according to its latest report for 2001.
In Africa, the report said, six loans worth SR348 million covered projects in Morocco, Mali, Burkina Faso, Algeria, and Tunisia.
Morocco received two loans of SR135 million to finance a social development project and to build and equip a university hospital.
Mali obtained SR45 million to finance a road network. Burkina Faso received SR34 million to finance a rural development project.
Algeria received SR94 million to finance a social housing project. Tunisia received SR40 million to finance a medical center.
In Asia, six loans of SR719.25 million covered projects in Lebanon, Yemen and Turkey. Lebanon received two loans of SR206.25 to finance a dam project and a highway to Syria.
Yemen received three loans of SR375 million to finance a electricity project. Turkey got SR138 million to finance a teaching hospital, a medical college and a university research center.
Since its inception in 1975 until last year, the fund extended a total of 341 loans worth SR22.44 billion, the report said. (SPA)
