SFD Chairman signs three loan agreements with SIDS worth $61mln

SFD Chairman signs three loan agreements with SIDS worth $61mln

Riyadh, Saudi Arabia: In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and HRH Crown Prince and Prime Minister, Mohammed bin Salman; the Saudi Fund for Development (SFD) Board of Directors Chairman, H.E. Ahmed Al Khateeb, recently signed three development loan agreements worth $61 million with two Small Island Developing States (SIDS) – Saint Vincent and the Grenadines, and Belize.

The signings reflect the efforts undertaken by the Kingdom of Saudi Arabia, through the SFD, to support sustainable development in developing countries and Small Island Developing States (SIDS). Since its establishment in 1974, SFD has implemented over 700 development projects across 85 countries worldwide.

The first two loan agreements, worth $16 million, were signed with the Honorable Prime Minister of Saint Vincent and the Grenadines, Dr. Ralph Gonsalves, for constructing a primary care center, and a cultural and artistic hub and market for craft and agricultural products. SFD continued its support of enhancing the healthcare infrastructure across the SIDS, signing a loan agreement worth $45 million with the Honorable Prime Minister of Belize, John Briceño, for the construction of a tertiary hospital in Belmopan.

H.E. Ahmed Al-Khateeb, the SFD Board of Directors Chairman, said: “The