117 During a meeting in Riyadh, Sultan Al-Marshad, the CEO of the Saudi Fund for Development, engaged in discussions with Fahmi Ahmed Al-Hajj, the Djiboutian presidential adviser for investment affairs, to explore avenues for enhancing development cooperation and addressing mutual concerns. As part of his visit to the fund’s headquarters, Al-Hajj had the opportunity to tour an interactive exhibition showcasing several of the organization’s prominent projects worldwide, highlighting their contributions to sustainable development efforts. The meeting and exhibition were reported by the Saudi Press Agency. The Saudi Fund for Development initiated its collaboration with Djibouti back in 1982 through a bilateral agreement aimed at financing the construction of a road serving Tadjoura city. Over the years, the fund has extended soft development loans totaling more than $305 million, which have supported 14 projects spanning various sectors including water, energy, health, roads, education, and social infrastructure within Djibouti. You Might Be Interested In Ukraine sets key interest rate at 20% in second wartime cut U.K. to Invest £225 Million in Revolutionary AI Supercomputer Development Walmart Empowering Organizations Serving Communities with New Upgrades Morgan Stanley Infrastructure Partners Backs The Pasha Group with Investment SoftBank-backed Improbable slashes losses by 85% after metaverse pivot World Bank calls for increased funding to combat climate change and other crises
