Arab Today, arab today yemen sfd sign 250m agreements
Last Updated : GMT 12:26:39
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Yemen, SFD sign $250m agreements

Arab Today, arab today

Arab Today, arab today Yemen, SFD sign $250m agreements

Riyadh - Saba

Yemen and the Saudi Fund for Development (SFD) signed on Monday in Riyadh two financing agreements worth $ 250 million. Minister of Planning and International Cooperation Mohammed al-Sa\'adi, who is in Saudi Arabia currently, signed the first agreement of $200 million to contribute to finance the King Abdullah bin Abdul Aziz Medical City project in Sana\'a and a project of Sana\'a city\'s main roads intersections of $ 50 million. Moreover, chairman of Board of Directors of the Cooperative Agriculture Credit Bank (CAC Bank) Monasr al-Quaiti signed with the Saudi exports program a memorandum of understanding, whereby the CAC Bank\'s credit ceiling raises up to $35 million.

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