CEO of SFD Receives Head of Iraqi National Investment Commission

The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, received an Iraqi delegation today in Riyadh, led by the Chairman of the National Investment Commission, Dr. Haider Muhammad Makiya, in the presence of the Iraqi Ambassador to the Kingdom, Dr. Abdul Sattar Al-Janabi.

During the meeting, the two sides discussed the development, progress, and implementation stages of SFD-funded projects and programs in Iraq, as well as ways to enhance development cooperation between the two countries in various sectors that contribute to social growth and economic prosperity in Iraq.

Dr. Makiya expressed his profound appreciation to Saudi Arabia for the development efforts provided through the SFD by financing development projects and programs that contribute to the development of infrastructure and basic services for the Iraqi people. He noted the importance of the Kingdom’s great role in international development.

The two sides have signed development agreements worth more than USD 40 million to finance two projects that include the establishment of the Al-Saqlawiya Hospital in the western Iraqi Governorate of Al-Anbar, as well as in the agricultural sector to include the construction of a metal grain silo for storing wheat in the Diwaniyah Governorate, as these projects contribute to the development of health services and the achievement of food security and sufficiency. In addition, the Fund will provide a grant from Saudi Arabia to Iraq in order to finance renovation work at an Iraqi hospital in Baghdad, which was badly damaged in a fire.

Source: Saudi Press Agency

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