• Short Summary

    Saudi Arabia has agreed to lend Syria 220 million dollars (about GBP100 million storing) over a three year period.

  • Description

    Saudi Arabia has agreed to lend Syria 220 million dollars (about GBP100 million storing) over a three year period.

    Under an agreement signed on Thursday (10 April), Saudi Arabia will finance the building of a smelting plant and factories producing fertilizer and steel pipes.

    The document was signed between the Saudi Arabian Minister of State for Finance and National Economy, Sheikh Mohammed Ali Aba Al-Khail, and the Syrian Finance Minister Mohammed Al-Sherif.

    The loan was agreed during a visit to Syria by the late King Faisal in mid-January. Syria will begin to repay the interest-free money over three years beginning in 1983.

    Later, the Saudi Arabian delegation met President Hafez Al-Assad in the Presidential Palace for talks on financial and economic co-operation.

  • Tags

  • Data

    Film ID:
    VLVA5JQ1N67CLBHAD2MM2QXDZJGDW
    Media URN:
    VLVA5JQ1N67CLBHAD2MM2QXDZJGDW
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    12/04/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:18:00
    Time in/Out:
    /
    Canister:
    N/A

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