Monday, Nov 06, 2006
BEIRUT (Zawya Dow Jones)--The Saudi Industrial Development Fund, or SIDF, agreed Sunday to finance loans for eight industrial projects worth more than 658 million Saudi Riyals ($175 million), the Al Riyadh daily reported Monday.
Mohammed Al Dobaib, general manager of the SIDF, said the projects include building factories for sugar refining, pastries, steel pipes, and polyethylene threads.
SIDF has so far financed around 2,801 loans for 1,991 industrial projects at a cost of SAR57.7 billion, Al Dobaib said.
Newspaper website: http://www. alriyadh.com
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2006 ABQ Zawya Ltd.
(END) Dow Jones Newswires
11-06-06 0209ET
