Saudi Arabia to Sign Contracts Worth $533 Million with African Countries

Saudi Arabia – The Saudi Fund for Development (SDF) is poised to sign agreements totaling $533 million with various African countries and institutions. These agreements are part of Saudi Arabia’s strategic expansion of its development and investment initiatives in Africa.

According to Africa News Agency, The Kingdom of Saudi Arabia’s sovereign wealth fund, which manages assets exceeding $700 billion, is also expected to announce substantial investments across the African continent. This move signifies a deepening of economic ties between Saudi Arabia and African nations, potentially leading to significant economic growth and development opportunities in the region.