Construction & Real Estate

Saudi Fund signs $403m loans for Syria infrastructure projects

RIYADH
Saudi Fund signs $403m loans for Syria infrastructure projects

The Saudi Fund for Development (SFD) has signed six concessional development loan agreements with the Syrian Arab Republic, worth more than $403 million in total. The financing will rehabilitate essential infrastructure, restore public services and improve living conditions for communities affected by years of conflict.

HRH Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud and Syrian President Ahmed Al-Sharaa witnessed the signing. SFD CEO Sultan bin Abdulrahman Al-Marshad and Syrian Minister of Finance Mohammed Yusr Barniyeh signed the agreements.