Saudi Arabia to fund three hospitals in Algeria
A $26 million grant has been provided by Saudi Arabia to fund the establishment of three new Algerian hospitals, reported KsaToday. The details of the donation were concluded in a recent visit to Algeria by a Saudi Development Fund delegation who met with Algerian Minister of Health Abd Al-Hamid Abrakan.
This past February, talks were held in Algeria regarding boosting cooperation between the two countries in the health sector. Algerian Health and Population Minister Muhammad Abdulmumin and the ambassador of Saudi Arabia to Algeria discussed the marketing of Saudi health products in Algeria and an exchange of health specialists.
In June The Saudi Development Fund has extended Morocco a loan worth 90 million Saudi Riyals ($28 million) to finance the construction of a university hospital in Fez. In early 1999 The Saudi Development Fund agreed to grant Algeria a loan worth $22 million to finance an electricity station. — (MENA Report)
© 2001 Mena Report (www.menareport.com)
- Saudi Arabia finances construction of 4,000 residential apartments in Algeria
- Algeria ranks second in classification of foreign exchange reserves value
- Saudi Development Fund Loans Morocco $28m for University Hospital
- Algeria allocated three billion dollars to infrastructure development
- Three new MERS deaths raise total in Saudi Arabia to 377