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.

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