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...