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Saudi Fund for Development finances $18.4bn worth of projects in developing countries

RIYADH: The Saudi government, represented by the Saudi Fund for Development, has contributed over SR69.1 billion ($18.4 billion) to financing projects for developing countries since the fund’s inception. SFD financed 697 projects and development programs since it was established in 1975, reported the Arabic newspaper Aleqtisadiah. The Federation of Saudi Chambers joined hands ....

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Saudi Fund for Development OKs $30 million soft loan for Kyrgyzstan

BISHKEK: The Saudi Fund for Development has launched a $30 million initiative to improve healthcare and education facilities in Kyrgyzstan. Kyrgyz President Sadyr Japarov looked on as SFD CEO Sultan Abdulrahman Al-Marshad laid the foundation stone for a project to rehabilitate and expand the General Children’s Emergency Hospital in the capital, Bishkek. SFD will finance the ....

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