Saudi Fund for Development finances over $20bn global projects in 50 years — minister

Saudi Fund for Development finances over $20bn global projects in 50 years — minister
Saudi Minister of Tourism Ahmed Al-Khateeb is seen speaking during a ceremony to mark the 50th anniversary of SDF’s establishment in Riyadh. (SPA)
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Updated 02 September 2024
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Saudi Fund for Development finances over $20bn global projects in 50 years — minister

Saudi Fund for Development finances over $20bn global projects in 50 years — minister
  • SFD financed 77 health projects, including 325 medical facilities in 45 countries
  • Fund financed 230 projects in 71 countries in the transportation sector

RIYADH: Exceeding a total cost of $20 billion, the Saudi Fund for Development has financed 800 projects in more than 100 countries over the last 50 years, according to a top official.

Saudi Minister of Tourism Ahmed Al-Khateeb revealed that the institution has financed 77 health projects that resulted in 325 medical facilities in 45 countries with a capacity of more than 25,000 beds. Most notable of the initiatives was King Faisal Hospital in Rwanda, which carried out the first kidney transplant in the country. 

He was speaking during a ceremony held by the fund to mark the 50th anniversary of its establishment in the capital, Riyadh. 

Al-Khateeb, who is also the chairman of the fund’s board of directors, said SFD funded 84 education projects to establish 600 academic facilities benefiting more than 1 million students, according to a statement. 

This falls in line with the fund’s vision to be a comprehensive strategic partner that advances the sustainable economic development of the world’s least developed countries.

It also aligns with its mission to empower the stable economic development of countries in need by leveraging the Kingdom’s resources to provide financial, technical, and human support to meet the needs of its partners. 

During his speech, the minister said the fund also financed 230 projects in 71 countries in the transportation sector, including airports, roads, and ports. 

These initiatives include the Velana International Airport in the Maldives, initially established in 1978, along with its expansion project to boost capacity from 2 million to 8 million passengers, and King Fahd Road in Djibouti. Additionally, the fund has financed 230 oil projects in more than 70 countries.


KSrelief delivers food aid to Yemen, Sudan 

KSrelief delivers food aid to Yemen, Sudan 
Updated 19 September 2024
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KSrelief delivers food aid to Yemen, Sudan 

KSrelief delivers food aid to Yemen, Sudan 
  • The deliveries are part of the 2024 food aid project for affected populations in Yemen and Sudan

RIYADH: Saudi aid agency KSrelief delivered almost 1,400 food aid parcels to thousands of people in Yemen’s Taiz Governorate and Sudan’s Red Sea State, state news agency SPA reported on Thursday.

In the Mawasit District of Taiz, 381 food parcels were delivered, benefiting 2,667 people from 381 of the neediest families affected by flooding.

Sudan’s Red Sea State received 1,000 food parcels for 5,791 people.

The deliveries are part of the 2024 food aid project for affected populations in Yemen and Sudan.

Meanwhile, KSrelief delivered 3,104 cartons of dates to the needy, orphans and people with special needs living in Wadi Al-Ain and Hawra in Yemen’s Hadramout Governorate.


Saudi minister visits Kuwait to pass on Saudi leaders’ condolences after royal’s death

Saudi minister visits Kuwait to pass on Saudi leaders’ condolences after royal’s death
Updated 18 September 2024
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Saudi minister visits Kuwait to pass on Saudi leaders’ condolences after royal’s death

Saudi minister visits Kuwait to pass on Saudi leaders’ condolences after royal’s death
  • Prince Abdulaziz bin Saud conveyed the messages of sympathy to Kuwait’s emir and the country’s prime minister

KUWAIT: Saudi Arabia’s interior minister, Prince Abdulaziz bin Saud visited Kuwait on Wednesday to convey to the country’s emir, Sheikh Meshal Al-Ahmad Al-Sabah, the condolences of King Salman and Crown Prince Mohammed bin Salman following the death last week of Sheikh Bader Nasser Al-Hamoud Al-Jaber Al-Sabah.
Prince Abdulaziz also offered the Saudi leaders’ condolences to Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, the Saudi Press Agency reported.
The officials who welcomed the minister included Kuwait’s deputy prime minister, the minister of defense and the minister of interior.
Sheikh Bader, a member of the Kuwaiti royal family, died on Sept. 10 at the age of 70.


Saudi Arabia and Italy share vision for future

Saudi Arabia and Italy share vision for future
Updated 18 September 2024
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Saudi Arabia and Italy share vision for future

Saudi Arabia and Italy share vision for future
  • Lombardy president highlights similarities between Saudi Arabia and Italy
  • Culture sector offers ‘highway of collaboration’ for countries, says Italian ambassador

RIYADH: Italy and Saudi Arabia share similar visions for the future, according to the president of the Lombardy region.

Attilio Fontana and his delegation expressed confidence in the potential for stronger cooperation during their visit to Saudi Arabia on Tuesday.

They aimed to explore new opportunities with Saudi officials and engage with Italian companies at the Interior Design and Furniture Exhibition in Riyadh on Tuesday.

“I believe that between Italy and Saudi Arabia, it’s possible to work very heavily together. And I think that we can engage,” Fontana told Arab News.

“The important thing … in Italy and in Saudi Arabia, is a view of the future, a vision of the future that is very similar. So, on this object, we can work together.”

Highlighting the significance of Italian participation at the exhibition in Riyadh, Fontana said: “You know, I believe that it’s very important for our entrepreneurs to know this merchant (Saudi Arabia) and to have the possibility to come here and to export because your country is very similar to our region.”

Ambassador of Italy to Saudi Arabia Carlo Baldocci also attended the exhibition.

“Italy is the second (largest) number of exposures in the firm, which means that there is a huge potentiality for stronger collaboration,” he said. “It looks very interesting and very promising; a lot of new companies are coming from Italy.”

“A big group of companies was also present last year in the past editions and the fact that Italians are increasing their numbers means it is very significant to us,” the ambassador said.

Baldocci underlined the importance of Fontana’s visit to Riyadh for Saudi-Italian cooperation: “It is very important; Lombardia is a model, a significant model also for Italy and Europe.

“We can establish strong collaboration in many fields, bilateral on both sides, so there would be advantages for the Italian side and Saudi side; it’s a win-win situation.”

Asked about sectors for growing partnerships between Saudi Arabia and Italy, he said: “I see many areas of technology, from high technology to fashion, design, automotive.

“On the cultural field, there is a highway of collaboration between Lombardia in Italy and Saudi Arabia, and in many other sectors too,” he said.

The president of Lombardia and the ambassador of Italy toured the exhibition areas and met Italian company representatives during the exhibition.

Among the more than 78 Italian companies present at the exhibition were Chairs and More, AMG, ArcaHorn, MIDJ, Vigano, Zanetto, and many others.

Discussing the many Italian companies showcased at the exhibition, Romano Baruzzi, director of the Riyadh office of the Italian Trade Agency, said: “All of the sectors are represented.”

Baruzzi said that while many Italian companies were already active in the Saudi market and had established local partnerships, several were still seeking to explore new avenues for growth in their collaborations.

“It’s a good opportunity if you consider that this is the fourth edition in terms of growth and the presence of companies; it’s a very big number,” he said.

Baruzzi said that some of the feedback he had received from Italian companies indicated that they were aware of the continuing expansion of Riyadh.

“I think we can offer very good opportunities for the Italian companies here,” he said.

Fontana, along with his delegation, will hold multiple sideline meetings with Saudi officials in culture, fashion, technology and innovation during the visit to the Kingdom.

The INDEX exhibition, focusing on interior design, takes place from Sept. 17-19 at the Riyadh Front Exhibition Center, welcoming local and international participants to showcase the latest innovations in design.


Saudi Development and Reconstruction Program for Yemen rehabilitates 650 homes in Aden

Saudi Development and Reconstruction Program for Yemen rehabilitates 650 homes in Aden
Updated 18 September 2024
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Saudi Development and Reconstruction Program for Yemen rehabilitates 650 homes in Aden

Saudi Development and Reconstruction Program for Yemen rehabilitates 650 homes in Aden
  • “Decent Housing” project contributes to building the capacity of workers in the housing, construction and building sectors
  • The first of its kind in the housing sector in Yemen, the project aims to provide suitable living conditions for families

RIYADH: The Saudi Development and Reconstruction Program for Yemen’s “Decent Housing” project has benefited nearly 900 families by rehabilitating 650 housing units in Aden’s Al-Mualla and Khor Maksar districts.
A tripartite partnership between SDRPY, Alwaleed Philanthropies and the UN Human Settlements Program (UN-Habitat), the project has also contributed to building the capacity of workers in the housing, construction and building sectors, the Saudi Press Agency reported on Wednesday.
A ceremony was held at SDRPY’s Riyadh-based headquarters to celebrate the conclusion of the project, which aims to improve the living conditions of families in Yemen’s Aden governorate.
Alwaleed Philanthropies’ Secretary-General Princess Lamia bint Majed Al-Saud, Supervisor-General of the Program Mohammed bin Saeed Al-Jaber, and Minister of Public Works and Roads Salem Al-Abboudi attended the celebration.
Minister of Planning and International Cooperation Dr. Waed Badhib, UN-Habitat’s Chief of Staff Dr. Irfaan Ali, and Regional Representative Rania Headeya participated via video link.
The Decent Housing project, the first of its kind in the housing sector in Yemen, aims to provide suitable living conditions for Yemeni families. It also offers thousands of job opportunities and hundreds of training opportunities, deepening the impact of such projects that contribute to sustainable development.
SDRPY has implemented development projects and initiatives in essential and vital sectors, including education, health, water, energy, transportation, agriculture and fisheries, and the development and support of the Yemeni government’s capabilities, across 14 Yemeni governorates.


Environment Fund partners with ROSHN to drive sustainable building innovation

Environment Fund partners with ROSHN to drive sustainable building innovation
Updated 18 September 2024
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Environment Fund partners with ROSHN to drive sustainable building innovation

Environment Fund partners with ROSHN to drive sustainable building innovation
  • ROSHN aims to develop more than 400,000 energy-efficient homes in pedestrianized communities

RIYADH: Saudi Arabia’s Environment Fund on Wednesday signed an agreement with the Public Investment Fund-owned developer ROSHN to stimulate investment and boost research into sustainable building practices.

The agreement focuses on exploring sustainability in building designs, improving building standards, and introducing incentives to encourage environmental development practices.

The memorandum of understanding also aims to build upon the relationship between both parties, working toward the common goal of achieving environmental sustainability.

Both ROSHN and the Environment Fund will work together to improve awareness about environmental issues, according to the Saudi Press Agency.

Fawaz Al-Enezi, vice president of marketing and communications, signed on behalf of the Environmental Fund, while Wassim Khashan, executive general manager of marketing, signed for ROSHN Group.

Also on Wednesday, ROSHN signed another MoU with the National Center for Vegetation Cover Development and Combating Desertification, pledging to work together to increase vegetation cover and combat desertification.

The agreements were signed on the sidelines of the opening of the ROSHN Green Initiative Center in Riyadh.

The center will have a tree nursery that will produce greenery for ROSHN communities and surrounding areas.

The center will also have an educational hub that will be open to the public, offering interactive learning sessions for members of the public and organizations interested in supporting the Kingdom’s sustainability programs.

According to the company, ROSHN’s Green Initiative has so far produced more than 32,000 seedlings, 25,000 mangrove trees, and 4,300 other trees planted across the Kingdom.

More than 3,000 volunteers and 75 schools were enlisted to help achieve these results.

When fully operational, the center is set to be able to produce around 2,000 trees per year.

ROSHN is a major developer that was launched as part of Vision 2030, aiming to develop more than 400,000 energy-efficient homes in pedestrianized communities.

Tasked with developing a number of housing projects around the country, ROSHN espouses a particular focus on improving the quality of living for residents.

The Environment Fund was established in 2019 to provide financial support to environmental and meteorological initiatives.