The Arab Gulf Program for United Nations Development Organizations (AGFUND) approved the contribution to supporting and funding 12 new projects in a number of developing countries. This came at the conclusion of the meeting of AGFUND Management Committee which was held here today. The meeting was chaired by Eng. Yousef bin Ibrahim Al-Bassam, AGFUND Vice-President, the Kingdom's Representative to AGFUND, the Director General of the Saudi Development Fund, Chairman of the Board of Directors of Saudi Industrial Development Fund. During the meeting, the final accounts for the fiscal year 2008 and the report of the auditors were approved.