SFD signs $55mn soft-loan agreement with Tunisia to develop railway network

SFD signs $55mn soft-loan agreement with Tunisia to develop railway network

The Saudi Fund for Development (SFD) has signed a development soft-loan agreement worth $55 million with Tunisia. The loan will finance the project for renewing and developing the railway network for phosphate transportation in Tunisia. The agreement was signed by SFD’s CEO Sultan bin Abdulrahman Al-Marshad & Tunisian Minister of Economy and Planning Feryel Ouerghi. […]The Saudi Fund for Development (SFD) has signed a development soft-loan agreement worth $55 million with Tunisia.

The loan will finance the project for renewing and developing the railway network for phosphate transportation in Tunisia.

The agreement was signed by SFD’s CEO Sultan bin Abdulrahman Al-Marshad & Tunisian Minister of Economy and Planning Feryel Ouerghi. Tunisian Minister of Transport Rabie El-Majidi, the Saudi ambassador to Tunisia Abdulaziz bin Ali Al-Saqr, and officials from both sides attended the signing ceremony.

The financing aims to renew about 190 km of the railway network, enhancing the capacity for phosphate transportation and contributing to Tunisia’s economic growth. The agreement will also create direct and indirect job opportunities while reducing traffic congestion.

Ouerghi expressed appreciation for the SFD’s efforts to monitor the development projects that it funds, which facilitate their completion and help remove challenges. Ouerghi also commended the SFD’s role in achieving the