Saudi Royal Family pledge $830 million to Tunisia

Monday 17th Dec 2018

The Saudi Royal Family has pledged approx. $830 million in financial aid to Tunisia – Prime Minister of Tunisia Youssef Chahed announced on Saturday after a visit to the KSA.

mbs tunisia

The considerable sum is the largest Riyadh has promised Tusisia in two years – Saudi Arabia previously pledged $850m in financial aid to Tunis during its Tunisia 2020 investment forum in 2016.

In addition, the Tunisian leader and King Salman signed two loan agreements to fund a Tunisian development projects – specifically the Integrated Agricultural Development Project, as well as a development that aims to boost the supply of potable water to rural areas.

Saudi Crown Prince, Mohammed bin Salman, met with the Tunisian President Beji Caid Essebsi las month, during his visit to Tunisia. The state visit was aimed at improving co-operation on the economy and the fight against extremism.

More News

King Salman and Lebanese PM meet

The Lebanese Prime Minister, Saad Hariri, paid a visit to King Salman at his grand palace in Riyadh today. They discussed ways to further enhance already strong ties and bilateral cooperation between the two brotherly […]

Saudi Royal Family says Palestine are a top priority

Adel Al-Jubeir, Saudi Minister of State for Foreign Affairs, headed the Kingdom’s delegation to the 46th session of the Organization of Islamic Cooperation’s Council of Foreign Ministers on Friday, where he reiterated the Saudi Royal […]

Saudi Royals strike major deal with Huawei

The Saudi Crown Prince Mohammed bin Salman struck two major agreements with China today, which involved agreements with the Silk Road Fund and mobile giant Huawei, which it said would pave the way for collaboration […]