Middle East Economic Survey

VOL. LIII

No 11

15-March-2010

SYRIA

SFD To Lend Syria $140Mn For Power Project

The Saudi Fund for Development (SFD) will lend Syria SR525mn ($140mn) to finance the Nasiriyyah power plant expansion project, under an agreement signed in Damascus on 7 March by Saudi Finance Minister Ibrahim al-'Assaf and his Syrian counterpart Muhammad al-Husain. Dr 'Assaf visited Syria on 6-7 March to participate in the Syrian-Saudi Joint Committee and the first Syrian-Saudi Businessmen...