SDF aids Yemen, Pakistan, Uzbekistan, Chad, Guinea, Mozambique

June 26, 2014

Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf, who serves as Chairman of the Board of Directors of the Saudi Development Fund (SDF), signed in Jeddah yesterday a number of developmental support agreements granted by the SDF to Yemen, Pakistan, Uzbekistan, Chad, Guinea and Mozambique.

Yemeni Minister of Planning and International Cooperation Dr. Mohammed bin Saeed Al-Saadi; Undersecretary of the Economic Affairs Department at the Pakistani Ministry of Finance Mohammed Saleem Sithi; Uzbek Minister of Foreign Economic Cooperation, Investment and Trade Ayar Ghaniyov; Chadian Minister of Planning and International Cooperation Mariam Mohammed Noor; Governor of the Guinean Central Bank Lusin Nab; and Mozambique’s Minister of Finance Manuel Shaeq each signed for their country.

The agreements include financing developmental projects in the sectors of education and infrastructure in Yemen at a cost of SR 497 million [$132.5 million]; funding rehabilitation projects worth SR 100 million [$26.66 million] and a fishermen’s support project costing SR 12.375 million [$3.3 million] in Pakistan; supporting a potable water project for SR 70 million [$18.66 million] in Uzbekistan; financing the Maskori road in Chad for SR 93.75 million [$24.99 million]; funding the rehabilitation and expansion of a hospital in Guinea’s capital at a cost of SR 120 million [$31.99 million]; and supporting power generation in Mozambique for SR 56.25 million [$15 million].

In a statement, Dr. Assaf said that the agreements include six important projects in Yemen covering roads, water, sewage discharge and education. This assistance, he explained, is a continuation of the support provided by the government of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz to Yemen, as well as the Saudi exports program, which is sponsored by the SDF.

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