Saudi Fund for Development, Seychelles sign $25mln development loans

Saudi Fund for Development, Seychelles sign $25mln development loans

CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al-Marshad signed today two development loan agreements with Seychelles Minister of Finance, National Planning and Trade Naadir Hassan.

Through the loans, the SFD is contributing $25 million to support the social housing project in the Seychelles and the reconstruction of La Digue School project.

The first loan agreement worth $15 million will contribute to establishing residential buildings for low-income families in various regions of the country.