Saudi Fund signs 2 loan agreements of $16 million in Saint Vincent and the Grenadines

Saudi Fund signs 2 loan agreements of $16 million in Saint Vincent and the Grenadines

Saudi Gazette report RIYADH – The Saudi Fund for Development (SFD) has signed two loan agreements worth $16 million with Saint Vincent and the Grenadines to construct a primary care center in the South Rivers area and a cultural center of arts in Belle Vue. The agreements, which came under the directives of Crown Prince and Prime Minister Mohammed Bin Salman, were signed by SFD’s Board of Directors Chairman Ahmed Al-Khateeb and the Minister of Finance, Economic Planning and Information Technology of Saint Vincent and the Grenadines Camillo Gonsalves. The signing of the two agreements marked the beginning of the Fund’s development activity in Saint Vincent and the Grenadines, which is the 68th country to receive support and funding for development projects and programs from SFD. The agreements also come in line with SFD’s aim in supporting the healthcare and social infrastructure sectors. The first agreement will contribute in constructing a primary care center in South Rivers area, worth $6 million, with the aim of enhancing the quality of the healthcare sector. The center will also ensure that the local residents receive the necessary health services, and will help combat chronic diseases, as well as helping reduce the fatalities rate