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Saudi Development Fund will assist in the construction of housing in Uzbekistan

Uzbekistan and the Saudi Development Fund signed a $ 50 million loan agreement for the construction of housing in rural Uzbekistan.

The funds will be used to implement the project "Modern housing construction in rural areas in Navoi, Ferghana and Tashkent regions," the press service of the State Committee for Investments.

The document was signed during the visit of the Uzbek delegation headed by the First Deputy Minister of Finance at the headquarters of the Saudi Development Fund in Riyadh (Kingdom of Saudi Arabia).

It should be noted that the project provides for the construction of more than 2 thousand houses for standard projects in rural areas in Navoi, Ferghana and Tashkent regions.

In addition, the project will improve the existing infrastructure through the construction of drinking water networks, gas pipelines, electricity networks, roads, as well as construction of social centers and sports grounds, schools, medical facilities, shops and bus stops.
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