Saudi Gazette Report

RIYADH – The Ministry of Finance has approved SR851 million loan for 12 heath, education and hospitality projects.

Approval has been granted for five health projects with a total capacity of 1370 beds in Riyadh, Al-Khobar, Bisha and Abha.

The ministry will also finance the setting up of a private university in Madinah, six hotel and tourism projects in Al-Kharj, Sharourah, Najran, Tabuk, Jazan and Al-Khobar.

In this connection, Tariq Al-Shihayyib, undersecretary of the ministry of finance for revenues affairs and supervisor of the local lending program, said the ministry strives to support the development goals and the Kingdom's Vision 2030 by providing the necessary financing and support to the private sector.