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.