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Saudi Fund for Development marks 50 years with efforts in emerging economies

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RIYADH: As the world is being divided by geopolitical tensions and wars, Saudi Arabia’s development fund is extending a helping hand to emerging nations through soft loans and grants. Established in 1974, the Saudi Fund for Development has supported more than 800 projects worth $20 billion in over 100 countries. As it celebrates 50 years since it was founded, the fund’s offerings for developing nations show no signs of slowing down. Here are the highlights of its activities in the first nine months of 2024. Water project to Benin

Arab News     Nov 16, 2024