DJIBOUTI CITY, Djibouti–(BUSINESS WIRE)– Het Saudi Fund for Development (SFD) heeft twee nieuwe ontwikkelingsprojecten in de water- en woningsector geopend en de eerste steen gelegd voor een project in de transportsector in Djibouti, met een totaal bedrag van 137 miljoen dollar.

Tijdens een officieel bezoek aan de Oost-Afrikaanse natie ontmoette de CEO van het Saudi Fund for Development, Sultan bin Abdulrahman Al-Marshad, de president van de Republiek Djibouti, H.E. Ismail Omar Guelleh, om de projecten te bespreken die sinds 1982 door SFD zijn gefinancierd voor economische en sociale ontwikkeling ter waarde van US$ 305 miljoen.

Saudi Fund for Development Inaugurated New Infrastructure Projects in Djibouti Worth US$ 137 Million

DJIBOUTI CITY, Djibouti–(BUSINESS WIRE)– The Saudi Fund for Development (SFD) has inaugurated two new development projects in the water and housing sector and laid the foundation stone for a project in the transportation sector in Djibouti, with a total amount of US$ 137 million dollars.

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CEO of SFD inaugurated a new project to supply clean drinking water in Djibouti (Photo – AETOSWire)

During an official visit to the East African nation, Saudi Fund for Development CEO, Sultan bin Abdulrahman Al-Marshad, met with the President of the Republic of Djibouti, H.E. Ismail Omar Guelleh, to discuss the projects financed by SFD for economic and social development worth US$ 305 million since 1982.

As part of the visit, Mr. Sultan bin Abdulrahman Al-Marshad and the Prime Minister of Djibouti, Mr. Abdoulkader Kamil Mohamed, inaugurated a new project to supply clean drinking water to 45,000 people in the coastal Province of Obock. Funded with a grant of US$ 10 million provided by Saudi Arabia through the SFD, it will involve the construction of 105km of water pipes and eight water tanks to pump clean water from the Bissidiro region.

SFD CEO and Prime Minister also laid a foundation stone to upgrade 60km of the Djibouti-Galafi arterial road, which was originally funded by Saudi Arabia through the SFD, with US$ 120 million. The road provides a vital economic and trading link with its neighbor countries.

Al-Marshad further inaugurated the construction of 120 housing unit project with H.E. Mrs Amina Abdi Aden, Minister of Cities, Urban Planning and Housing. The project was funded with a grant of US$ 7 million from the Saudi government, provided through the SFD.

Prime Minister of Djibouti thanked the Kingdom of Saudi Arabia and SFD for its commitment to sustainable infrastructure projects in Djibouti and for its continued friendship over the past four decades. He acknowledged that the provided investment made a crucial contribution to economic development and growth and brought important social benefits which led into increased prosperity and stability.

Speaking on the occasion, the SFD CEO said Saudi Arabia is proud of its close ties with Djibouti, “The Saudi Fund for Development has an established track record in supporting sustainable economic and social initiatives in developing nations. We are pleased to provide ongoing socio-economic support to our brothers in Djibouti in line with UN Sustainability Development Goals.”

*Source: AETOSWire

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Contacts

Randah Al-Hothali, +966112794448

ralhothali@sfd.gov.sa