ECONOMY


SAUDI DEVELOPMENT FUND DELEGATION TO PAY VISIT TO BAKU

A delegation of the Saudi Development Fund (SDF) led by deputy Chairman and Executive Director Yusif Al-Bassam will pay a visit to Baku on August 19.

According to the Embassy of the Kingdom of Saudi Arabia to Azerbaijan, the major purpose of the visit initiated by the Azerbaijan Government, is to sign a credit agreement on financing the construction and equipping of five secondary schools in Baku.

As a result of negotiations with Azerbaijan Government, the Fund has agreed to allot $9,5 million 20-years lax credit for construction of computerized and modernized 5 schools.

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