News Articles

Saudi Fund for Development Loan to The Gambia Will Increase Capacity at Banjul International Airport to 400,000... BANJUL, Gambia. -Wednesday 26 February 2020  

The Saudi Fund for Development (SFD) recently signed an agreement with the Republic of The Gambia to provide a loan to finance the second phase of a development project at the capital’s Banjul International Airport. The improved facilities will see jobs increase to over 1000. The number of...

Saudi Fund for Development finances a vital project serving 500,000 citizens in Comoros -Thursday 26 December 2019  

Mr. Azali Assoumani, President of the Union of the Comoros Islands, joined government officials and the Saudi Arabian Ambassador to the Comoros to inaugurate a new road network, 100% funded by the Saudi Fund for Development (SFD). The new roads will serve half a million residents as they use...

Saudi Fund for Development Supports the Government of Kyrgyzstan in Developing Key Transportation Projects -Monday 23 December 2019

As part of an official Republic of Kyrgyzstan state visit to Saudi Arabia, Dr. Khalid Al-Khudairy Vice President and Managing Director for the Saudi Fund for Development (SFD) and Mrs. Baktygul Jeenbaeva, Minister of Finance of the Republic of Kyrgyzstan signed a new infrastructure loan...

Saudi Fund for Development Partnership with International Aid Agencies to Boost Economic Development in Ethiopia -Monday 23 December 2019  

Within the presence of the Ethiopian Prime Minister, Dr. Abiy Ahmed, a delegation from the Saudi Fund for Development (SFD) signed two loan agreements worth $140 million with the Ethiopian Government to boost economic development, create vital infrastructure and tackle water poverty in the...

Saudi Fund for Development Signs Loan Agreement with Burundi Government to Upgrade Major Road Link -Thursday 19 December 2019  

The Saudi Fund for Development (SFD) recently signed a loan agreement worth $5.9million with the Burundi Government to upgrade a major road connection between the city of Bujumbura and the country’s airport. The Arabic Bank (BADEA) and the Burundi Government are co-contributors towards the...

Saudi Fund for Development and Regional Partners Join Government of Burkina Faso to Inaugurate New Life Changing Dam -Wednesday 4 December 2019

As a key contributor to the project, a delegation from the Saudi Fund for Development (SFD) joined President Roch Marc Christian Kabore of Burkina Faso and regional donor organizations to inaugurate the new USD $130 million Samendini Dam. Located in the Samendini Valley,350km from the...

Saudi Fund for Development in Collaboration on Social Infrastructure Projects in Djibouti -Saturday 30 November 2019  

The Saudi Fund for Development (SFD) recently signed an agreement for a grant package worth over USD $9 million to fund the design and construction of a water distribution network, a judicial courthouse and infrastructure projects in Dijbouti, marking the latest in a series of the SFD’s...