Saudi Fund for Development signs $275 million worth of agreements with Yemen

July 23, 2013

The Saudi Fund for Development (SFD) signed two agreements with Yemen yesterday worth $250 million to finance the King Abdullah bin Abdulaziz Medical Project and major road construction in Sana’a. The documents were signed by Yemeni Minister of Planning and International Cooperation Dr. Mohammed Saeed Al-Saadi and SFD Vice President and Managing Director Yusuf bin Ibrahim Al-Bassam.

The SFD also approved the opening of a credit line for the Yemeni Bank of Cooperative and Agricultural Credit to finance the export of national goods and services worth $25 million.