Saudi Fund offers US$24 million to Guinea

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Saudi Assisting with Schools

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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