The Projects Support Fund at the Ministry of Finance is studying over 100 financing support opportunities for major local projects, as it issued credit approvals for more than 30 projects with a financing cost of SR3 billion ($800 million) for projects with a total value exceeded SAR 14 billion, Al Eqtisadiah Newspaper reported. The newspaper cited an official at the National Debt Management Center at the Ministry of Finance as saying that the fund initiative is working to increase the private sector participation rate in the targeted sectors and raise the attractiveness of investment. He added that the fund provides subsidized loans in terms of return, loan duration and requirements, indicating that it targets a certain localization rate for the supported projects and contributes to increasing the local content of these projects. The fund was established to finance the target sectors, the official added, indicating that its standards and target sectors are reviewed with the relevant authorities periodically. On Sunday, the Ministry of Finance announced that the Projects Support Fund Initiative signed an agreement with the Saudi Stock Exchange (Tadawul) to provide economic stimulus to listed companies, according to data compiled by Argaam. The Projects Support Fund initiative has been approved as one of the initiatives of the private sector stimulus packages, supervised by the Ministry of Finance. It focuses on supporting the completion and continuation of projects in the education, health, and real estate development sectors for major projects.