Yemen, SFD sign $250m agreements

Yemen and the Saudi Fund for Development (SFD) signed on Monday in Riyadh two financing agreements worth $ 250 million. Minister of Planning and International Cooperation Mohammed al-Sa'adi, who is in Saudi Arabia currently, signed the first agreement of $200 million to contribute to finance the King Abdullah bin Abdul Aziz Medical City project in Sana'a and a project of Sana'a city's main roads intersections of $ 50 million. Moreover, chairman of Board of Directors of the Cooperative Agriculture Credit Bank (CAC Bank) Monasr al-Quaiti signed with the Saudi exports program a memorandum of understanding, whereby the CAC Bank's credit ceiling raises up to $35 million.