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SAUDI ARABIA, SENEGAL SIGN AGREEMENT, MOU
Saudi Press Agency Published in Saudi Press Agency on 09 - 01 - 2007

SAUDI ARABIA AND SENEGAL HAVE SIGNED AN AGREEMENT AND A MEMORANDUM OF UNDERSTANDING ACCORDING TO WHICH THE WEST AFRICAN COUNTRY RECEIVES A SAUDI LOAN WORTH SR54.50 EXTENDED BY THE SAUDI DEVELOPMENT FUND (SDF) TO FINANCE A 300-BED HOSPITAL IN SENEGAL AND PHASE-4 OF A GRANT EXTENDED BY THE KINGDOM OF SAUDI ARABIA TO SENEGAL TO DIG AND EQUIP 42 ARTISAN WELLS BENEFITING 55,000 SENEGALESE IN RURAL AREAS RESPECTIVELY.
YOUSEF BIN IBRAHIM AL-BASSAM, DEPUTY CHAIRMAN OF SDF AND ABDOULAYE DIOP, MINISTER OF STATE AT THE MINISTRY OF ECONOMY AND FINANCE, SIGNED THE AGREEMENT AND MOU EACH FOR HIS COUNTRY IN THE SENEGALESE CAPITAL OF DAKAR YESTERDAY.
SDF HAS SO FAR PROVIDED 22 LOANS WORTH $218 MILLION TO SENEGAL ALLOCATED TO FINANCE NUMEROUS DEVELOPMENTAL PROJECTS.
WITHIN THE LAST THREE PHASES OF THE SAUDI PROJECT TO PROVIDE POTABLE WATER FOR DRY AREAS INHABITANTS IN SENEGAL, SAUDI ARABIA HAS SPENT $18 MILLION TO DIG AND EQUIP 70 WELLS BENEFITING MORE THAN 100,000 SENEGALESE IN RURAL AREAS.

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