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Saudi Arabian Finance Minister Mohammed Al-Jadaan stated that the Saudi Fund for Development is poised to enter into accords valued at 2 billion riyals, approximately $533 million, with African nations. This was disclosed at the post-Saudi-Arab-African Economic Conference.
Saudi Arabian Finance Minister Mohammed Al-Jadaan stated that the Saudi Fund for Development is poised to enter into accords valued at 2 billion riyals, approximately USD 533 million, with African nations. This was disclosed at the post-Saudi-Arab-African Economic Conference. Saudi Arabia is actively engaging with strategic partners to offer substantial support to Ghana and several other countries in addressing their debt-related challenges. Saudi’s dedication to facilitating sustainable economic solutions underscores its commitment to promoting financial stability and prosperity across regions.
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During the same conference, Saudi Investment Minister Khalid Al-Falih announced that the kingdom’s substantial Public Investment Fund, valued at over USD 700 billion, is poised to initiate transformative investments in Africa, set to have a profound impact on the region’s economic landscape. Within the conference’s framework, Saudi Energy Minister Prince Abdulaziz bin Salman inked preliminary agreements with several African nations, encompassing Nigeria, Senegal, Chad, and Ethiopia, aimed at fostering collaborative efforts in the sphere of energy-related cooperation.
