· Saudi Arabia achieves a milestone with an $11 billion syndicated loan, marking a crucial step in the government’s medium-term debt strategy to enhance funding source diversity.
· The 10-year term loan involves collaboration with 14 international financial institutions across Asia, the Middle East, Europe, and the United States, signaling global confidence in Saudi Arabia’s economic resilience and commitment to the ambitious Saudi Vision 2030.
· Allocated funds from this strategic facility will accelerate crucial development and infrastructure projects, aligning with the broader goals outlined in the Saudi Vision 2030 initiative.
Saudi Arabia has secured an $11 billion syndicated loan, a pivotal move in the government’s medium-term debt strategy aimed at diversifying the country’s funding sources, according to media reports.
The 10-year term loan involves the participation of 14 international financial institutions spanning Asia, the Middle East, Europe, and the United States, as announced by the National Debt Management Center (NDMC).
This strategic facility underscores substantial interest and confidence in the ambitious Saudi Vision 2030, highlighting the kingdom’s robust economic resilience.
The allocated funds from this facility will be earmarked for expediting development and infrastructure projects.”
Embarking on a visionary journey, Saudi Arabia unveils 23 transformative megaprojects, ranging from a zero-carbon emission city to the world’s largest living museum.
Fueled by the economic diversification plan, Saudi Vision 2030, spearheaded by His Royal Highness Crown Prince Mohammed bin Salman, these sustainable, sky-high, and sci-fi-inspired projects are propelling the Kingdom into the forefront of innovation.
From groundbreaking advancements in tourism to cutting-edge technology investments, Saudi Arabia is emerging as one of the globe’s most enticing destinations, showcasing a blend of innovation, technology, and forward-thinking development.
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