Mohammed Al-Jadaan, the Saudi Finance Minister, announced during the Saudi-Arab-African Economic Conference in Riyadh on Thursday that the Saudi Fund for Development would ink deals with African nations valued at 2 billion riyals, or $533 million.
“We are working with partners to support Ghana and other countries regarding their debt,” Jadaan said.
Khalid Al-Falih, the Saudi Minister of Investment, later stated during the same conference that the Public Investment Fund, the kingdoms over $700 billion wealth fund, will make some “game-changing” investments in Africa
During the meeting, Prince Abdulaziz bin Salman, the Saudi Energy Minister, also inked preliminary agreements on energy-related cooperation with Nigeria, Senegal, Ethiopia, and Chad.
