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.
