Saudi Fund for Development chief and envoy from Djibouti discuss ways to boost cooperation

The CEO of the Saudi Fund for Development, Sultan Al-Marshad, and the Djiboutian presidential adviser for investment affairs, Fahmi Ahmed Al-Hajj, discussed ways to enhance development cooperation and other issues of mutual interest during a meeting in Riyadh on Thursday.

Al-Hajj’s visit to the fund’s headquarters also included a tour of an interactive exhibition showcasing some of the organization’s key projects in countries around the world, and the effects they are having on sustainable development, the Saudi Press Agency reported.

The fund’s work in Djibouti began in 1982 with the signing of a bilateral agreement to finance the construction of a road serving the city of Tadjoura.

Since then, it has provided soft development loans worth more than $305 million that have financed 14 projects in the water, energy, health, roads, education and social infrastructure sectors.