25/02/2015
Al ammar praises the move and see that’s it is going in the right way
Development Fund provides for greater Saudi contractors to implement a number of development projects
The board member and chairman of the contractors in the Eastern Chamber of Abdul Hakim bin Hamad Amar al-Khalidi Praised the response of the Saudi Development Fund for his response to the proposal of Saudi Chambers of Commerce and Industry for providing space for the largest number of contractors Saudis classified consultancy and engineering offices classified, to compete for the implementation of projects in foreign countries benefiting from loans and grants fund .. Calling on companies, institutions and engineering consultancy offices to communicate with the Export Development Council of Saudi Chambers Center to take advantage of the opportunities offered by the Fund.
Alammar said on offer Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - supported by God - of direct support development and investment projects in developing countries, government describing the step as opportunity for the Saudi investor to participate in these projects as a leader and a successful step on the right path, and will contribute to the development of tender Saudi contractor and engineer.
It is noteworthy that the fund was established in the year 1394 AH in order to contribute to the financing of development projects in developing countries, through the granting of loans to these countries, and support the national non-oil exports through the Export Finance and guaranteed..
Total Funding by the Fund spent since the beginning of its activity until the end of the year 2013 about 42.323 million Saudi riyals has been reached, benefited from 81 countries (44 countries in Africa and 29 countries in Asia and 8 countries in other regions of the world) as a contribution to finance 542 projects and programs developmentally ( of which 318 projects and programs in Africa, developmentally, and 210 projects in Asia, and 14 development projects in other parts of the world), including transport and communications, agriculture, energy, social, infrastructure, industry, mining and other sectors.
