The Arab Fund for Economic and Social Development and the Saudi Fund for Development will give loans worth more than $200 million (Dh734 million) to finance a power project in Syria, the Syrian finance ministry said.
The ministry will sign an agreement for a loan of 30 million Kuwaiti dinars ($108 million) with the Kuwait-based AFESD and another 375 million Saudi riyals ($100 million) agreement with the Saudi fund this week, it said on its website on Sunday.
The loans, due to fund a power generation project in the eastern province of Deir Ez-Zor, will be signed during meetings of Arab finance ministers in Damascus on Wednesday and Thursday.
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