On the sidelines of the “Future Investment Initiative New Africa Summit” summit announced that it wanted to provide 41 billion dollars in financing over 10 years for the benefit of sub-Saharan African countries, including 25 billion dollars made in the form of foreign direct investment by Saudi private companies.

The “Future Investment Initiative New Africa Summit” meeting was an opportunity for Saudi Arabia to make announcements for the benefit of sub-Saharan Africa. The Saudi Minister of Finance, Mohammed Bin Abdullah Al-Jadaan, announced the financing of 41 billion dollars in investment in favor of this region. Indeed, 25 billion dollars are expected to be made in the form of investments by Saudi private companies. This financing consists of 10 billion dollars in financing from the Saudi Exim Bank (Saudi Exim Bank), 5 billion dollars in favor of African startups and 1 billion dollars as part of a regional development initiative