Saudi Crown Prince Mohammed Bin Salman announced on Tuesday that his country would invest $1 billion in Africa this year to help it recover from the global pandemic. “The Saudi Development Fund will carry out future projects, loans and grants worth three billion riyals, or around $1 billion, in developing countries in Africa this year,” the prince announced during his televised-speech at the Africa Summit on post-Covid-19 economic recovery in Paris. He added that the Saudi Public Investment Fund would invest an extra $4 billion in vital sectors, vowing that the Kingdom would continue to play an important role in the development of Africa and support global efforts to
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