SAUDI, FRANCE TO FINANCE 200 MILLION EURO PROJECTS IN AFRICA

PARIS, France- Saudi Arabia and France have signed a memorandum of cooperation, to fund developmental projects in the African continent.

The projects, which cost 200 million euros, will be financed jointly by the Saudi Fund for Development and the French Development Agency, the Saudi Press Agency (SPA), reported.

The memorandum was signed by the Chairman of the Board of Directors, of the Saudi Fund for Development, Ahmed Al-Khatib, and the French side by the Minister of Foreign Affairs and International Development, Jean-Pierre Ladrian, and the Executive Director of the French Development Agency, Remy Rio.

The signing ceremony coincided with the visit of the Saudi Crown Prince, Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Minister of Defence, to France.

Source: NAM NEWS NETWORK