Saudi Fund for Development Supports Infrastructure Development in The Bahamas and Mauritius, and Explores Cooperation with San Marino
The second development loan agreement, worth $70 million USD, was signed with the Deputy Prime Minister and Minister of Tourism of the Republic of Mauritius, Hon. Louis Steven Obeegadoo, to fund the “Construction of Rivière des Anguilles Dam Project”. This project will protect the natural environment from floodings, and provide a reliable source of water for drinking, irrigation, and industrial use.
The letter of intent was signed with the Minister of Tourism of the Republic of San Marino, Hon. Federico Pedini Amati will enable the government and SFD to explore potential infrastructure development cooperation in the economic, cultural and transportation sectors. This signifies the beginning of a new development relationship between SFD and San Marino.
These latest development agreements were signed as part of the SFD's commitment to support sustainable development in developing countries and Small Island Developing States (SIDS) around the world. They will also contribute towards the realization of the United Nations’ Sustainable Development Goals (SDGs), specifically SDG 6, Clean water and sanitation, SDG 8, Decent Work and Economic Growth, and SDG 9, Industry, Innovation, and Infrastructure.
In line with its mission to promote global sustainable development, SFD has funded more than 700 development projects worth US$18.7 billion in over 90 countries around world.
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The Saudi Fund for Development
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