Finance ministry to ink deals to fund Saudi development projects

30/07/2018 Argaam

 

Saudi Arabia’s Ministry of Finance is expected to sign new agreements for financing development projects Tuesday morning, under the auspices of Hamad Al-Bazai, the Vice Finance Minister.

 

Moreover, Tariq Alshuhayeb, the deputy minister for revenues at the Ministry of Finance, will hold a press conference on Tuesday.

 

The ministry has not disclosed more details about the projects or the total value of the deals and the sectors included.

 

In March, the ministry inked deals to finance 12 health, education and hotel projects at total value of SAR 851 million, according to data compiled by Argaam.

 

These agreements were a part of the framework put for improving basic services offered to the citizens.

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