Saudi fund for development signs $275m agreements with Yemen

Saudi Fund for Development signed on Monday two agreements worth $ 250 million to finance King Abdullah Bin Abdulaziz Medical Project and major road intersections in Sana'a. The agreements were signed by the Minister of Planning and International Cooperation of the Republic of Yemen, Dr. Mohammed Saeed Al-Saadi and the Fund's Vice President and Managing Director Yusuf Bin Ibrahim Al-Bassam. The Fund also approved opening a credit line to finance the export of national goods and services worth $ 25 million for the Bank of Cooperative and Agricultural Credit of the Republic of Yemen.