By Innovation-sa on August 6, 2018 in News

Saudi Arabia’s Ministry of Finance signed financing agreements to fund 17 health, education and hospitality projects in the Kingdom with loans amounting to SR755.8 million.

Through these agreements, the government plans to attract the private sector to participate in the comprehensive development of the country and invest more in service projects, in accordance with the objectives of Vision 2030, said Dr.Hamad bin Sulaiman Al-Bazai, Deputy Minister of Finance.

In the health sector, the project plans to establish eight health projects, including hospitals and medical complexes worth SR407.78 million in Riyadh, Dammam, Abu Arish, Jeddah, Abha and Buraidah.

Moreover, the agreement pledges SR340.74 million to the education sector to establish schools, universities and colleges in Riyadh, Madinah, Jeddah and Dammam. A hospitality project for a 3-star hotel in Jazan is also part of the agreement.