Saudi Development Fund provides US$50 million to Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- The Saudi Development Fund provided a loan for US$50 million to Uzbekistan, the press service of the State Committee for Investments said.

Uzbekistan and the Saudi Development Fund signed a corresponding loan agreement.

The funds will be used to implement a project "Modern housing construction in rural areas in Navoi, Ferghana and Tashkent regions".

Within the framework of the project, over 2,000 houses will be built for standard projects in rural areas in Navoi, Ferghana and Tashkent regions.

The project envisages construction of drinking water supply network, gas supply network, electricity network, roads, and social facilities.

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