Saudi Gazette report
TUNIS — Saudi Fund for Growth (SFD) Chief Government Officer Sultan Al-Marshad signed on Saturday a brand new improvement mortgage settlement with Tunisian Minister of Economic system and Planning Dr. Samir Abdelhafidh to finance the institution of an Oasis Hub Venture in southern Tunisia.
The mortgage, exceeding $38 million, was signed within the presence of Saudi Ambassador to Tunisia Dr. Abdulaziz Al-Saqr. The settlement displays the sturdy bilateral improvement partnership that has spanned practically 50 years. The Oasis Hub Venture goals to assist sustainable rural improvement by the reclamation of greater than 1,000 hectares of agricultural land throughout varied areas of Tunisia. The venture contains the drilling and equipping of twenty-two wells, the growth of rural villages and their infrastructure, and the development of over 285 housing items for native beneficiaries.
Moreover, the venture will improve the area’s infrastructure by constructing roads, pipelines, and networks for potable and irrigation water, whereas additionally supporting the event of instructional establishments, agricultural amenities, and cultural, social, and industrial facilities. These efforts collectively intention to enhance the standard of life and stimulate financial and social development in Tunisia’s southern governorates.
The settlement is a part of SFD’s ongoing efforts to advertise sustainable improvement in Tunisia by financing infrastructure initiatives that contribute to enhancing dwelling requirements, creating job alternatives, and supporting the achievement of the Sustainable Growth Objectives (SDGs).
Because it started operations in Tunisia in 1975, SFD has financed 32 improvement initiatives and applications by concessional loans totaling greater than $1.2 billion, along with grants supplied by Saudi Arabia by SFD, amounting to over $105 million.
In the meantime, Tunisian Prime Minister Sarra Zaafrani Zenzri acquired Saudi Fund for Growth (SFD) Chief Government Officer Sultan Al-Marshad in Tunis on Saturday. The reception was additionally attended by Tunisian Minister of Economic system and Planning Samir Abdelhafidh, Saudi Ambassador to Tunisia Dr. Abdulaziz Al-Saqr, and different officers.
Zenzri and Al-Marshad reviewed methods to strengthen improvement cooperation between the 2 nations and highlighted the longstanding bilateral partnership that spans over 5 a long time, significantly in financing key improvement initiatives in Tunisia.
Al-Marshad additionally met with Tunisian Minister of Well being Dr. Mustapha Ferjani within the presence of the Saudi ambassador. They mentioned ongoing well being initiatives funded by SFD and explored alternatives to assist the Tunisian well being sector.
The conferences come as a part of Al-Marshad’s official go to to Tunisia, throughout which a improvement mortgage settlement price over $38 million is scheduled to be signed with the Tunisian Ministry of Economic system and Planning to assist infrastructure initiatives within the nation.