Saudi Fund for Development, Seychelles sign $25mln development loans
- Date: 01-Oct-2023
- Source: Zawya
- Sector:Real Estate
- Country:Saudi Arabia
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.