Saudi Fund for Development to provide preferential loan to Syria
All documents were signed during the November 4-5 visit of a Syrian government delegation led by Transitional President of Syria Ahmed al-Sharaa
BEIRUT, November 5. /TASS/. Six agreements were signed in Riyadh with the Saudi Fund for Development for preferential lending totaling more than $403 million, the Ministry of Finance of Syria said.
"The joint projects cover vital sectors, including energy, water supply, housing construction, healthcare, and digital transformation," the ministry said on the X social network.
In particular, the reconstruction of power units at a thermal power plant in Aleppo worth $90 mln will be carried out to provide electricity to 5 million residents of Syria's northern capital, the ministry informed. $100 million has been allocated for the repair and equipment of hospitals and medical centers, and another $60 million has been directed toward the restoration of 10,000 damaged residential houses in various regions of Syria.
Provision is also made for the allocation of $105 million for the creation and equipping of 25 civil defense centers in several governorates.
All documents were signed during the November 4-5 visit of a Syrian government delegation led by Transitional President of Syria Ahmed al-Sharaa. The parties also signed memoranda of understanding and cooperation in the fields of industry, agriculture, and environmental protection.