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The Saudi Fund for Development is providing the Commonwealth of Dominica with a USD 41 mn loan to finance infrastructure projects in its capital Roseau, according to state news agency SPA . Dominica will use the funds to construct and rehabilitate seven main roads, upgrade water drainage networks, and relocate electricity and communication lines underground.
Egyptian ministers look to drum up more investments from Saudi: Egyptian Prime Minister Moustafa Madbouly, Finance Minister Ahmed Kouchouk, and Investments Minister Hassan El Khatib touched down in Riyadh yesterday to discuss strengthening trade and investment between Saudi and Egypt, according to an Egyptian cabinet statement. The talks focused on showcasing potential investments and Egypt’s ongoing economic reform program, with the ministers presenting Egypt’s newly released tax policy and efforts to eliminate barriers currently faced by Saudi investors.
A bilateral investment agreement in the works? The two sides also made headway on an Agreement on Promotion and Mutual Protection of Investments between the two countries, which aims to help protect Saudi investors as they look to double their investments in the country in the coming period, according to Investment Minister Khalid Al Falih.
