Saudi Arabia signs $533m deals with Africa as PIF plans ‘game-changing’ announcements

Saudi Arabia signed over SR2 billion ($533 million) worth of agreements with African countries during a special conference in a significant boost to the Kingdom’s ties with the continent.

The deals covered energy, roads, and health, and will be financed through the Saudi Fund for Development.

The Saudi-Arab-African Economic Conference, held in Riyadh, also saw the signings of multiple memorandums of understanding, as well as the lifting by the Kingdom of a ban on red meat imports from South Africa

Source: Arab News