Saudi Fund's assistance so far amounts to USD 470 million

SFD funded the connecting bridges of Hulhumalé Phase 2 which was inaugurated today. In the inauguration CEO of SFD highlighted that the Fund has provided USD 470 million in assistance to Maldives so far.

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SFD and Maldivian high level officials view the connecting bridges built with SFD assistance -- Photo: Mihaaru

Ameera Osmanagic

2024-05-17 17:49:37

CEO of Saudi Fund for Development (SFD) Sultan Abdulrahman Al-Marshad today said that the institution will always want to assist in the sustainable development projects of the Maldives, and revealed that the fund has contributed USD 470 million (MVR 7.2 billion) for 16 different projects in the country so far.

Sultan Abdulrahman, who arrived in Maldives today, spoke at the ceremony to inaugurate the connecting bridges of Hulhumalé Phase 2 and detailed that SFD has maintained a very close relationship with Maldives over the past 47 years, highlighting Hulhumalé Phase 1 and 2 as testament to the fact.

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