Saudi Fund for Development Signs $100 Million Loan Agreement to Support the Water Sector in Argentina
This agreement will boost Argentina’s economy by supporting potable water development in Santa Fe and Córdoba, creating jobs, and advancing socio-economic development.
Importantly, this project also supports the realization of the UN SDGs, specifically SDG 3, Good Health and Wellbeing, and SDG 6, Clean Water and Sanitation.
Phase 1 of the project will develop from Coronda to San Francisco, providing more than 410,000 people with access to safe water and fostering development in Santa Fe and Córdoba.
On this occasion, the Province Governor of Córdoba, H.E. Juan Schiaretti, said, “It is a great honor to sign this $100 million aqueduct agreement, benefiting Santa Fe and Córdoba, and forging the first economic development corporation between the SFD and Argentina.”
The Province Governor of Santa Fe, H.E. Omar Perotti, stated, “Today, Argentina and SFD collaborate to build an aqueduct that will change lives for the better, marking a historic step towards long-lasting development.”
On his part, the CEO of SFD, H.E Sultan Al-Marshad, said: “Safe water, sanitation, and hygiene are essential for health and well-being. We are proud to support projects that improve access to potable water in developing countries and positively impact the lives of many.”
Argentina becomes the 93rd SFD beneficiary, this signifies the SFD’s commitment to sustainable development in Latin America.
In line with its mission to promote global sustainable development since 1975, SFD has funded more than 750 development projects worth US$20 billion in over 90 countries around world.
*Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20231101627213/en/
Website: https://www.sfd.gov.sa/en/
Contact
Saudi Fund for Development
Nawaf Alojrush
alojrush@sep.gov.sa
This news is a press release provided by The Saudi Fund for Development. Korea Newswire follows these editorial guidelines.