Lead Text: 
Road opened in a ceremony attended by Saudi's Ambassador to Union of Comoros, Hamad bin Mohammed Al-Hajri

The Saudi Fund for Development (SFD), the kingdom’s fund that finances development projects in developing countries has revealed that a road in the Island of Anjouan of the Union of Comoros — funded by SFD — has been opened.

According to the Saudi Press Agency, the road was opened in a ceremony that was attended by the Ambassador of the Kingdom of Saudi Arabia to the Union of the Comoros, Hamad bin Mohammed Al-Hajri and a delegation from SFD. At the ceremony President of the Comoros, Azali Assoumani was also present.

Earlier this month, Saudi Arabia inked a financing agreement with the Kyrgyz Republic to finance the construction and renovation of Kyrgyzstan’s Issykul Ring Road, with Saudi Fund for Development (SFD) set to fund the project.

In September 2019, Jordan’s Ministry of Public Works and Housing revealed that SFD-backed Jordan’s $324m desert highway maintenance project that connects Jordan with Saudi Arabia through the Al Mudawwarah border crossing was 60% complete. SFD had provided $138m as a grant and another $105m as a loan for the project.

Ranju Warrier
Story Relations: 
Saudi fund to finance Kyrgyzstan’s Issykul Ring Road project
Jordan's $324m Saudi Fund-backed desert highway 60% complete
Oman signs deals worth $210m with Saudi Fund for Development
Published Date: 
Thursday, December 26, 2019 - 14:00
Modified Date: 
Thursday, December 26, 2019 - 08:29

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020