Jul 14 2012
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Saudi development fund to lend Tunisia $220 million
TUNIS, July 14 (Reuters) - The Saudi Fund for Development will extend a total of about $220 million to Tunisia in low-interest loans, Tunisia's Investment and International Cooperation Ministry said, as the North African country seeks to recover from last year's revolution.
It said there would be three loans, one to develop a power station at Sousse, one to invest in the transport of gas and one
to be spent on vocational and other training.
Tunisia has received several bilateral soft loans this year, aimed at helping it recover from the revolution that overthrew Zine al-Abidine Ben Ali in January 2011.
(Reporting by Tarek Amara, Writing by Lin Noueihed, editing by Tim Pearce)
Keywords: TUNISIA SAUDI/LOAN
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