Saudi Fund for Development, Tunisia sign $55m loan agreement to support transport sector

Saudi Fund for Development, Tunisia sign $55m loan agreement to support transport sector

RIYADH: Saudi Fund for Development CEO Sultan bin Abdulrahman Al-Marshad signed a soft loan agreement worth $55 million with Tunisian Minister of Economy and Planning Feryel Ouerghi. The loan will finance the renewal and development of the railway network for phosphate transportation in Tunisia.

Tunisian Minister of Transport Rabie El-Majidi, Saudi Ambassador to Tunisia Abdulaziz bin Ali Al-Saqr, and officials from both sides attended the signing ceremony. Saudi Fund for Development, Tunisia sign $55m loan agreement to support transport sector