AMMAN: The Saudi Development Fund (SDF) board of directors is scheduled to discuss a Jordanian request for a long-term, low interest loan worth $53 million at a meeting next month, according to its managing director.
Minister of Planning and International Cooperation Imad Fakhoury and SDF Deputy Chairman and Managing Director Yousef Bin Ibrahim Al Bassam on Tuesday discussed the Kingdom’s request for the loan to finance the construction of a steam generation unit at Samra Electric Power Generating Company, a ministry statement said. The soft loan would carry an interest rate of 2 per cent with a maturity period of 24 years and a grace period of four years, according to the ministry.
Earlier on Tuesday, the government and the SDF signed two grants agreements to carry out two projects — a fibre-optic project worth $50 million and a $30 million industrial estates infrastructure venture in Tafileh, Madaba, Jerash and Salt, part of projects financed by the second phase of Saudi Arabia’s share of the Gulf Development Fund, according to the ministry.
