The Kingdom and Italy expect a memorandum of understanding for development cooperation in several areas

The CEO of the Saudi Development Fund, Mr. Sultan bin Abdul Rahman Al -Murshid, signed today, in Al -Ula, a memorandum of understanding with the CEO and Director General of the Italian deposit and loan Fund, Dario Sanabiko.
The Memorandum of Understanding includes joint development cooperation between the two sides, and this came in the presence of the Minister of Investment, Eng. Khaled bin Abdulaziz Al -Falih.

Saudi -Italian relations

The memo aims to create and enhance the framework of cooperation in vital fields in the common countries.
It also aims to exchange experiences and knowledge, to be an important step towards enhancing the growth of the development sectors, which would contribute to achieving goals.
In addition to enhancing global development efforts, best practices in joint financing, maximizing developmental impact, for developing developing countries around the world.

Saudi Fund for Development Projects

It is noteworthy that the Saudi Fund for Development has been working since its foundation in 1974 to enhance the pillars of sustainable development in its various ranges and multiple forms in developing countries around the world.
Funding has provided more than 800 projects and a development program with a total value of more than $ 20 billion in more than 100 developing countries.
These projects included various developmental and vital sectors that directly touch societies.