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Saudi investors pledge $2 bln for Madagascar projects

Posted on 05 May 2009

From Aawsat.com: Saudi investors have pledged $2 billion for Madagascar’s tourism, communications and energy sectors, the government said, in a sign that some financiers are not shying away from the new president’s administration.

A political crisis since early this year has dealt a hefty blow to the Indian Ocean island’s $390 million-a-year holiday industry and the roughly $8 billion-a-year economy…….Full Article: Source

 
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