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The Saudi Industrial Development Fund has approved 17 loans valued at 2 billion riyals ($533 million) to establish 11 new projects and expand six existing ones, Arab News said, citing Ali Bin Abdullah Al-Ayed, the fund’s director general.
The loans include 900 million riyals for mining, 355 million riyals for engineering industries and 257 million riyals for chemical production, the paper said.
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