Saudi Arabia offers $48bln to support developmental projects worldwide

Riyadh – Mubasher: Saudi Arabia has provided around $48 billion in assistance to developmental projects around the world as part of financial contributions to international organisations and authorities.

The kingdom granted $32.12 billion in aids to 3,843 humanitarian and charitable developmental projects in 155 countries, according to a statement from the media office of the Embassy of Saudi Arabia in Egypt.

Countries located in the Middle East and North Africa (MENA) region benefitted from 58% of total aids, whilst the remaining states in Africa and Sub-Saharan Africa accounted for 19%.

Moreover, South Asia countries as well as Europe and Central Asia countries received 9% and 6% of aids, respectively, followed by East Asia, Latin American, and Caribbean countries.

The GCC nation further offered $13.73 billion in health and education aids to the visitors’ service programmes (refugees) inside the kingdom.

The King Salman Humanitarian Aid and Relief Center (KSRelief) completed and still working on 1,350 projects in 53 countries worth $4.4 billion in collaboration with 144 partners around the world, according to the statement.

 

Source: https://www.zawya.com/mena/en/economy/story/Saudi_Arabia_offers_48bln_to_support_developmental_projects_worldwide-SNG_185176970/

 

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