Mauritania signs 800m$ agreements with Saudi Arabia financial institutions

The Mauritanian government has signed five financial agreements worth 800 million U.S. dollars with four Saudi Arabian financial institutions, according to an official source. The agreements were signed Monday with Saudi Development Fund, the Rajihi Association, the Arab Fund for Economic and Social Development (FADES) and the Arab Authority for Agricultural Development. The agreements were inked on the sidelines of an investment forum in Mauritania, which opened on Sunday in the capital Nouakchott. The funds will go to various sectors including fisheries, rural development and banking, the official source said.