key projects

Serbia secures $205 million funding from Saudi Arabia for key projects

Minister of Finance Siniša Mali and Executive Director of the Saudi Fund for Development Sultan Abdulrahman Almarshad signed agreements today in Belgrade to finance three projects in Serbia, totaling $205 million. The agreements include funding for the BIO4 Campus Project, allocated $65 million; the Infrastructure Strengthening for Irrigation Program, with $75 million; and the Transmission System Operator EMS Project (Phase 1), receiving $65 million. Mali stated that these projects will be financed through a 20-year loan with an exceptionally low…