A Saudi man shows Saudi riyal banknotes at a money exchange shop, in Riyadh, Saudi Arabia January 20, 2016. REUTERS/Faisal Al Nasser
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Saudi Arabia expanded the mandate of its 105 billion riyal ($28 billion) industrial fund to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom's industries. The changes greatly extend the purview of the Saudi Industrial Development Fund, which previously only provided financing to local manufacturing businesses.In another key shift, the fund can now provide financing to businesses outside the kingdom that have Saudi investors.
FOLLOW THIS ARTICLE