Buenos Aires Herald 
The Saudi Fund for Development (SFD) will make its first major investment in Argentina, some US$500 million to finance infrastructure projects, the government announced on Thursday.
In Washington DC, where he is currently participating in the IMF Spring Meetings, Economy Minister Sergio Massa signed a memorandum with the CEO of the SFD, Sultan Abdulrahman Al-Marshad.
“Among the planned projects are aqueducts, irrigation systems, power transmission lines, and complementary works for the Néstor Kirchner Gas Pipeline, which is in its final stage, allowing us to keep strengthening the commercial ties we share,” Massa tweeted.
The official press release said that Massa and Al-Marshad agreed on the importance of continuing to strengthen the “friendly and supportive relationship” and the “constructive cooperation for development” between the Kingdom of Saudi Arabia and Argentina.
Last January, representatives of the SFD traveled to Buenos Aires and started to hold conversations with the government about the financing of strategic projects in Argentina.
On Thursday, during the G20 meetings, Massa also met with the Finance Minister of Saudi Arabia, Mohammed al-Jadaan, whom he had met in February in India, and started the negotiations for the financing that was confirmed today.
