Saudi Arabia is set to sign SR2 billion ($533 million) worth of agreements with African countries, the Kingdom’s finance minister has announced.

Speaking during the Saudi-Arab-African Economic Conference in Riyadh, Mohammed Al-Jadaan said the deals would be reached through the Kingdom’s Fund for Development.

The minister said the agreements would be struck with a “multitude” of countries and entities on the continent.

“Our partnership with African countries is strong and ever growing. In energy, education and agriculture amongst many others, the Kingdom considers Africa a strong investment destination and partner,” he added.

Source: Daily News