Saudi Fund for Development begins development activities in Barbados by signing two development agreements worth $92.7 million

The agreements will fund the rehabilitation of clinics, primary care development, water renovation, housing and infrastructure.

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His Excellency the CEO of The Saudi Fund for Development (SFD), Mr. Sultan bin Abdulrahman Al Murshid, signed two development loan agreements worth (92.7) million dollars to finance and support the water, housing, infrastructure and health sectors in various regions of Barbados, and these two agreements are the first steps of development cooperation between SFD and Barbados.

The first agreement aims to finance the rehabilitation of clinics and the development of the primary health system worth (58.5) million dollars, through the construction of two health centers and the rehabilitation of seven other health centers, for quality health care and the expansion of medical services to Barbados. The first agreement aims to finance the rehabilitation of clinics and the development of the primary health care system worth (58.5) million dollars, through the construction of two health centers and the rehabilitation of seven other health centers, to provide high-quality health care and expand medical services to contribute to raising the level of health services.

The first agreement aims to finance the rehabilitation of clinics and the development of the primary health care system worth (58.5) million dollars. <The second agreement aims to finance an urban renewal project in the water, housing and infrastructure sector worth (34.2) million dollars, to develop infrastructure and provide residential houses, to improve resilience to environmental changes and protect against floods. <This development cooperation reflects the Fund's keenness to support small island developing states to overcome economic, environmental and developmental challenges, as well as the importance of international cooperation and solidarity to achieve sustainable development goals, to contribute to promoting social growth and economic prosperity in developing countries. <It should be noted that Saudi Fund for Development began its development activity since 1975, providing financing for the implementation of more than (800) development projects and programs, through soft development loans totaling more than (22) billion dollars, to contribute to promoting the creation of diversified development opportunities, social and economic growth, towards improving living conditions and enabling the development of knowledge, capacity building and providing vital opportunities for beneficiaries.