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HomeAfricaSaudi Fund offers US$24 million to Guinea

Saudi Fund offers US$24 million to Guinea

The Saudi Development Fund has pledged US$24 million for the construction of four schools in Guinea, a communiqué from the Presidency’s press office said on Thursday.

It said this was announced by Mr. Youssef Al-Bassam, Director-General of the Saudi Development Fund, on Wednesday during discussions with Guinean President Alpha Condé .

The Saudi fund boss also informed his host of the Kingdom’s willingness to cancel some of Guinea’s debt and reschedule others. He also announced the release of US$8 million to drill boreholes in the West African country.

A delegation of Saudi businessmen is expected next May in Guinea with a view to looking into investment opportunities in the private sector.

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