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Discounted loans for construction of stadiums
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Priority given to developing nations
Fifa has announced the creation of a partnership with a Saudi Arabian government agency, with up to $1bn (£762m) being pledged to fund the development of football infrastructure across the globe.
The game’s global governing body announced on Monday that it had signed a memorandum of understanding with the Saudi Fund for Development that would lead to it offering discounted loans “for the construction and rehabilitation” of stadiums and other infrastructure. Under the arrangement, priority for any loans will be given to developing nations.
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