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FinancialNews
01-08-18
Saudi Finance Ministry inks financing deals for 17 projects
(MENAFN) Saudi Arabia's Ministry of Finance was announced to have inked financing deals for seventeen projects in fields of health, education and hospitality, with USD201,413,000 of loans.
The government has invested in the projects with an aim to improve basic services for Saudis, as the total investment accounted for SR1,547 billion.
The purpose behind such a move was explained to be promoting further investments from the private sector in service projects.
The private sector is considered as a key pillar of the national economy as well as a strategic partner in growth, as stated Deputy Minister of Finance Dr. Hamad bin Sulaiman Al-Bazai.
MENAFN0108201800450000ID1097229303
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