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Saudi Fund for Development

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    • SFDs H.E. Sultan AI Marshad the Minister of Economy Planning in Tunisia H.E. Feryel Ouerghi signs 55M deal to modernize phosphate rail network
    • Inauguration of 270 housing units in Zaghouan Governorate marking the first phase of the Riyadh Housing Project
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Source: Saudi Fund for Development |

Saudi Fund for Development Signs a New Development Loan Agreement to Support the Transport Sector in Tunisia, and Inaugurates 270 Housing Units

The project will help renew approximately 190 km of the railway network, to support increasing the capacity for transporting phosphate, and contribute towards Tunisia’s economic growth

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad (www.SFD.gov.sa), signed a new development loan agreement with the Minister of Economy & Planning of the Republic of Tunisia, H.E. Feryel Ouerghi, through which SFD is contributing $55 million USD to finance the project for renewing and developing the…

Saudi Fund for Development

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    • CEO of SFD, Mr. Sultan Al-Marshad, and Minister of Economy and Finance, Mr. Ahmat Jidoud, signed an agreement for the construction and equipping of Boorading Secondary School for Girls in Several Regions in Niger
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Source: Saudi Fund for Development |

Saudi Fund for Development Provides Over $580 Million in Development Loans to African Countries for Key Vital Projects

In conjunction with the loan agreements signing, the SFD CEO signed a Memorandum of Understanding (MoU) with the African Finance Corporation's CEO, Mr. Samaila Zubairu

The Saudi Fund for Development (SFD) (www.SFD.gov.sa) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today, 14 new development loan agreements with 12 African ministers, worth over USD $580 million to fund projects in healthcare, water, education, and transportation sectors in Angola, Burkina Faso, Benin, Burundi, Cabo Verde, Guinea, Malawi, Mozambique,…

Saudi Fund for Development

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    • SFD CEO, H.E. Sultan Al-Marshad, signed two new development loan agreements with the Minister of Finance, National Planning and Trade of the Republic of Seychelles, Hon. Naadir Hassan
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Source: Saudi Fund for Development |

Saudi Fund for Development signs two development loan agreements to enhance social infrastructure in Seychelles

The first development loan agreement, worth $15 million USD to fund the “Social Housing Project”, will provide housing units at low prices, as an option for low-income families

The Saudi Fund for Development (SFD) (www.SFD.gov.sa) Chief Executive Officer, H.E. Sultan Al-Marshad, signed two new development loan agreements with the Minister of Finance, National Planning and Trade of the Republic of Seychelles, Hon. Naadir Hassan, through which SFD is contributing $25 million to fund the “Social Housing Project” and…

Saudi Fund for Development

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    • SFD CEO Sultan Al-Marshad and Seychelles government officials inaugurate the 33 KV Transmission Network Project
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Source: Saudi Fund for Development |

Saudi Fund for Development Officially Inaugurates the 33 KV Transmission Network of South Mahe Island Project in Seychelles

This project reflects SFD's commitment to supporting sustainable development in developing countries and Small Island Developing States (SIDS) around the world

In the presence of the President of the Republic of Seychelles, H.E. Wavel Ramkalawan; The Saudi Fund for Development (SFD) (www.SFD.gov.sa) Chief Executive Officer, H.E. Sultan Al-Marshad, officially inaugurated today in Seychelles, the 33 KV Transmission Network of South Mahe Island Project, with the Minister of Agriculture, Climate Change and…

Saudi Fund for Development

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    • Eng. Mohammed Alhussain, participating in a side event at the UNESCO Partners Forum’s roundtable
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Source: Saudi Fund for Development |

Saudi Fund for Development highlights Climate Change Mitigation and Social Infrastructure as Key to Heritage Preservation in Africa at the United Nations Educational, Scientific and Cultural Organization (UNESCO) Forum

The SFD has funded projects that contribute towards heritage preservation in Africa through climate change mitigation, as this can help to prevent natural disasters that damage heritage sites, and by investing in social infrastructure

In conjunction with the 45th session of the UNESCO World Heritage Committee, held for the first time in Riyadh from September 10-25, 2023, the Saudi Fund for Development (SFD)’s (www.SFD.gov.sa) Director General of the Project Management Office (PMO), Eng. Mohammed Alhussain, participated today in a side event at the UNESCO…

Saudi Fund for Development

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    • SFD CEO and Ugandan Minister of Finance Signed an Agreement to Build Uganda Heart Institute
    • The SFD CEO, Mr Sultan Al-Marshad and the Minister of Finance Planning and Economic Development of the Republic of Uganda, Hon. Matia Kasaija signing a development loan agreement
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Source: Saudi Fund for Development |

Saudi Fund for Development signs a USD $30 million development loan agreement to construct and equip the Uganda Heart Institute Project

The Uganda Heart Institute Project is expected to decrease the number of Ugandans leaving the country to receive cardiovascular treatment

The Saudi Fund for Development (SFD) (www.SFD.gov.sa) Chief Executive Officer, H.E. Sultan Al-Marshad, signed a new development loan agreement worth USD $30 million with the Minister of Finance Planning and Economic Development of the Republic of Uganda, Hon. Matia Kasaija, to fund the construction and equipping of the Uganda Heart Institute…

Saudi Fund for Development

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    • Mr. Mohammed Alshammari, General Manager for Africa Operations at the SFD, speaks at the groundbreaking ceremony for the Bridge of the Mangoky River
    • Madagascans came out in numbers to witness the laying of the foundation stone to kick off the construction of the new Mangoky Bridge
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Source: Saudi Fund for Development |

Saudi Fund for Development breaks ground for the Bridge of the Mangoky River in Madagascar

The Mangoky Bridge will be funded through a collaboration of entities, all of which share a vision of sustainable development for the world

In presence of the President of the Republic of Madagascar, H.E. Andry Rajoelina, the Saudi Fund for Development (SFD) (www.SFD.gov.sa), represented by the General Manager for Africa Operations, Mr. Mohammed Alshammari, laid the foundation stone to kick off the construction of the new Mangoky Bridge in Madagascar. The Mangoky Bridge…

Saudi Fund for Development

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    • The Saudi Fund for Development (SFD) funds a project to deliver electricity in Rwanda (1)
    • The Saudi Fund for Development (SFD) funds a project to deliver electricity in Rwanda (2)
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Source: Saudi Fund for Development |

The Saudi Fund for Development (SFD) funds a project to deliver electricity in Rwanda

The project is estimated at USD 20 million

The Saudi Fund for Development (SFD) (www.SFD.Gov.SA), represented by its CEO, Mr. Sultan bin Abdulrahman Al-Marshad, signed in Rwanda’s capital, Kigali, with the Minister of Finance and Economic Planning, Dr. Uzziel Ndagijimana an agreement for a concessional development loan of $20 million to finance the electricity delivery project in the…

Saudi Fund for Development

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    • The Saudi Fund for Development highlights achievements in High-level African Forum on South-South and Triangular Cooperation for Sustainable Development in Uganda (1)
    • The Saudi Fund for Development highlights achievements in High-level African Forum on South-South and Triangular Cooperation for Sustainable Development in Uganda (2)
    • The Saudi Fund for Development highlights achievements in High-level African Forum on South-South and Triangular Cooperation for Sustainable Development in Uganda (3)
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Source: Saudi Fund for Development |

The Saudi Fund for Development highlights achievements in High-level African Forum on South-South and Triangular Cooperation for Sustainable Development in Uganda

The South-South and Triangular Cooperation is a global platform showcasing sustainable development solutions to deal with the challenges facing development projects in several countries

The Saudi Fund for Development (SFD) (www.SFD.gov.sa) participated in the second edition of the South-South and Triangular Cooperation, in Kampala, Uganda, from January 17 to 19. 2023, with a delegation headed by the Director of East and Southern Africa Operations Eng. Azzam Al-Barrak.   The forum was organized under the…

Saudi Fund for Development

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    • CEO of SFD, signs an MOU with His Excellency Moussa Cissé
    • SFD CEO Meeting with Colonel Mamady Doumbouya
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Source: Saudi Fund for Development |

President of the Republic of Guinea meets with Saudi Fund for Development Chief Executive Officer (CEO) to discuss development projects in Guinea

Fifth phase of the Saudi Program for Well Drilling and Rural Development in Africa

His Excellency the President of the Republic of Guinea, Colonel Mamady Doumbouya, today received the CEO of the Saudi Fund for Development (https://SFD.gov.sa), His Excellency Mr. Sultan Abdulrahman Al-Marshad, and his accompanying delegation in Conakry. The meeting was attended by His Excellency the Ambassador of the Kingdom of Saudi Arabia…