Saudi Arabia has finalized agreements worth over SR2 billion ($533 million) with various African nations during the Saudi-Arab-African Economic Conference in Riyadh. These deals encompass sectors such as energy, roads, and health.
According to Africa News Agency, these investments will be facilitated through the Saudi Fund for Development. The event also included the signing of multiple memorandums of understanding and the announcement of Saudi Arabia lifting its ban on red meat imports from South Africa, signaling a strengthening of economic ties between the Kingdom and African countries.