Saudi Fund Backs Bosnia Road Project

The Saudi Fund for Development has approved a 35 million Bosnian marka ($25.5 million) loan for the construction of a ring road in Zenica in central Bosnia.

The loan is among a number of agreements signed by Bosnia and Saudi investors for the development of the country’s infrastructure, Reuters says.

Read more development aid news.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.