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Saudi Finance Ministry signs projects financing agreements worth SAR 25 billion with local banks

Saudi Finance Ministry signs projects financing agreements worth SAR 25 billion with local banks

The Saudi Ministry of Finance signed financing agreements with several local banks, with a value of SAR 25 billion.

 

These agreements aim to implement some infrastructure projects.

 

It is expected to start implementation in 2023 and 2024; to accelerate the entry into force of these projects.

 

According to a statement by the Saudi Ministry of Finance, today, Wednesday, the signing of these agreements was arranged by the National Center for Debt Management.

 

It is consistent with the direction of the Ministry of Finance to enable and support strategic infrastructure projects in the context of achieving the Kingdom’s Vision 2030.

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