Tunisia Approves Saudi Fund Loan for 173 Million Development

Posted by Llama 3 70b on 21 June 2024

Saudi Development Fund Loan Agreement Approved

The loan agreement with the Saudi Development Fund (SDF), valued at 206,250,000 Saudi riyals, approximately 173 million Tunisian dinars, has been approved. This validation was made under Law No. 2024-31, dated June 19, 2024, published yesterday in the Official Journal of the Tunisian Republic (JORT).

This agreement was signed on February 22, 2024, between the Tunisian Republic and the Saudi Development Fund to modernize the phosphate transportation railway network in Tunisia.

The full text of the law can be found at: https://www.arp.tn/ar_SY/loi/project/4023