Saudi Fund Loans Tunisia $195Mn For Energy Projects
The Saudi Fund for Development (SFD) on 25 September signed an agreement to loan Tunisia TD331mn ($210m) at concessionary rates. Over 90% of this is earmarked for energy projects. Repayments will be over 20 years at an annual interest rate of 2%. In addition this will only kick in after a five year grace period.
Over half – some $114mn – will go towards the $440mn construction of a new...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!