Tuesday, May 30

Finance Ministry signs $16M concessional loan for UTG Phase II project

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The signing ceremony was held at an Annual Meeting of the Islamic Development Bank (IsDB) Group in Jeddah, KSA.

The aim of the project is to secure 1,600 additional study set to meet the increasing demand for university education and to contribute to fulfilling the country’s future needs for specialised scientific cadres in various fields. 

The objectives of the signing ceremony was also set to meet the needs of the country’s labour market, support economic and social developments, and contribute to alleviating poverty.

The signed project comprises the construction of the Chancellery Building, erection of administrative, technical, and residential buildings and supply of furniture and equipment among others.