Saudi Fund signs 2 loan agreements with Saint Vincent and the Grenadines

Saudi Fund signs 2 loan agreements with Saint Vincent and the Grenadines

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 signing of agreements is part of the efforts undertaken by the Kingdom of Saudi Arabia, through the Saudi Fund for Development to support sustainable development in developing countries and Small Island Developing States (SIDS) around the world.

The first loan agreement for the construction of a primary care center in South Rivers, worth $6 million, will contribute to enhancing the quality of the healthcare sector, ensuring that the local population has access to healthcare services, managing chronic diseases, and potentially reducing mortality rates in the region.

Furthermore, the project will create direct and indirect job opportunities, in addition to training medical staff and helping to strengthen long-term healthcare capacity and resilience.

The second loan agreement, worth $10 million, is for the construction of a cultural artistic hub and market for craft and agricultural products in Belle Vue.

HE Ahmed Al Khateeb, Chairman of the Board of Directors of SFD, commented that this cooperation signifies the Kingdom of Saudi Arabia’s commitment to promoting sustainable socio-economic