Riyadh – Mubasher: Saudi Fund for Development (SFD) plans to invest up to SAR 367.5 million ($98 million) in the road and school projects in Afghanistan, Saudi Press Agency (SPA) reported.

A loan worth SAR 180 million ($48 million) has been approved for the first phase of the ring road project in Kabul, the capital of Afghanistan.

The other facility of SAR 187.5 million has been approved to build schools as part of two agreements signed by Ahmed bin Aqeel Al Khatib, chairman of the board of directors of SFD, and Afghanistan's President Mohammad Ashraf Ghani.

It is worth noting that SFD's total investments in Afghanistan valued at SAR 922.5 million.