SFD hosts Canadian minister for cooperation talks

December 12, 2023 | 03:13 PM
SFD hosts Canadian minister for cooperation talks
December 12, 2023 | 03:13 PM
Last Updated: December 12, 2023 | 04:00 PM
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Saudi Gazette report

RIYADH
— The CEO of the Saudi Fund for Development (SFD), Sultan Al-Murshid, received on Tuesday at the fund's headquarters in Riyadh, Canada's Minister of International Development, Ahmed Hussen, and an accompanying delegation. Canada's Ambassador to the Kingdom, Jean-Philippe Linteau, was present at the reception.

During the meeting, they reviewed the efforts of the Saudi Fund for Development in developing countries worldwide, in addition to discussing future development cooperation between both sides.

The Canadian minister commended the historic development activities carried out by the fund to promote sustainable development worldwide.

This meeting comes in line with the fund's vision to be a comprehensive and enabling strategic partner for sustainable economic development in developing countries around the world. The fund has a rich development record since 1975, having financed more than 800 development projects and programs in over 100 developing countries worldwide, with a total value of approximately $20 billion. These initiatives span various vital developmental sectors, contributing to social growth and economic prosperity in the beneficiary countries.