A development initiative for Saudi Arabia in Africa worth one billion dollars

مبادرة إنمائية للسعودية في أفريقيا بمليار دولار

Crown Prince Mohammed bin Salman launched the Custodian of the Two Holy Mosques Development Initiative in Africa, which includes development projects and programs worth more than $1 billion over 10 years, during the opening of the Saudi-African Summit in Riyadh, on behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz.

Prince Mohammed bin Salman stressed the Kingdom’s keenness to enhance cooperation and develop relations with African countries in various fields, in a way that contributes to establishing security and peace in the region and the world at large. He said that the Kingdom has provided more than $ 45 billion to support development and humanitarian projects in 54 African countries, pointing to the Kingdom’s keenness to support innovative solutions to address African debt, and its affirmation of the right of countries to develop their own resources and capabilities.

Prince Mohammed bin Salman added: “We aim to host Expo 2030 in Riyadh, and to present an exceptional and unprecedented edition that contributes to foreseeing the future.”