KUALA LUMPUR, Nov 6 (Bernama) -- The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth over US$403 million with Syria, to rebuild infrastructure and restore public services damaged by years of conflict. (US$1 = RM4.04)
Saudi Fund For Development Inks Over US$403 Mln Loans To Rebuild Syria
Saudi Fund For Development Inks Over US$403 Mln Lo
Key takeaways
The Saudi Fund for Development signed six concessional loans totaling over US$403 million with Syria to rebuild infrastructure and restore public services damaged by conflict.
- The largest loan of US$105 million will fund 25 civil defence centres serving more than seven million people.
- US$100 million is allocated for rebuilding hospitals, and US$90 million will rehabilitate the Aleppo Thermal Power Plant.
- Additional funds cover home repairs, smart water meters, and digital transformation at Syria’s Ministry of Finance.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
Related reporting
4 stories on this topic from 3 sources, oldest first.
- Free Malaysia Today Kremlin aide says Moscow in talks with US over investment fund sanctions
- Free Malaysia Today Over US$400mil pledged to UN fund for education in crises
- Bernama Saudi Fund For Development Inks Over US$403 Mln Loans To Rebuild Syria (this story)



%2Ffile%2Fpublisher-c1a3f893382d2b2f8a9aa22a654d9c97%2F2024%2F10%2Fd9bd3941b3b8130c20f96f0699539ec7.jpg&w=480&output=webp&q=85&we)