Ministry of Finance inks SAR 25 bln credit agreements with local banks to fund infrastructure projects

14/09/2022 Argaam

Logo of Ministry of Finance

Saudi Arabia’s Ministry of Finance signed SAR 25 billion financing agreements with several local banks to execute various infrastructure projects scheduled to begin in 2023 and 2024.

 

These agreements are intended to accelerate the implementation of these projects.

 

The signing came in coordination with the Saudi National Debt Management Center (NDMC). It is in line with the ministry’s orientation in enabling and supporting strategic infrastructure projects, in the context of achieving the Kingdom's Vision 2030, according to NDMC.

 

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