SFD signs deal worth over $38 million to enhance infrastructure in Tunisia
The Saudi Fund for Development (SFD) has signed a new development loan agreement with the Tunisian Ministry of Economy and Planning to finance the establishment of an Oasis Hub Project in southern Tunisia.
TUNIS — The Chief Executive Officer of the Saudi Fund for Development (SFD), Sultan Al-Marshad, signed a development loan agreement on Saturday with Tunisian Minister of Economy and Planning Dr. Samir Abdelhafidh to finance the establishment of an Oasis Hub Project in southern Tunisia.
The loan, exceeding $38 million, was signed in the presence of Saudi Ambassador to Tunisia Dr. Abdulaziz Al-Saqr.The agreement reflects the strong bilateral development partnership that has spanned nearly 50 years.
The Oasis Hub Project aims to support sustainable rural development through the reclamation of more than 1,000 hectares of agricultural land across various regions of Tunisia.
The project includes the drilling and equipping of 22 wells, the expansion of rural villages and their infrastructure, and the construction of over 285 housing units for local beneficiaries.The project will also enhance the region's infrastructure by building roads, pipelines, and networks for potable and irrigation water, while also supporting the development of educational institutions, agricultural facilities, and cultural, social, and commercial centers.
These efforts aim to improve the quality of life and stimulate economic and social growth in Tunisia's southern governorates.The agreement is part of SFD's ongoing efforts to promote sustainable development in Tunisia by financing infrastructure projects that contribute to improving living standards, creating job opportunities, and supporting the achievement of the Sustainable Development Goals (SDGs).Since it began operations in Tunisia in 1975, SFD has financed 32 development projects and programs through concessional loans totaling more than $1.2 billion, in addition to grants provided by Saudi Arabia through SFD, amounting to over $105 million.During his visit to Tunisia, Al-Marshad also met with Tunisian Prime Minister Sarra Zaafrani Zenzri and Tunisian Minister of Health Dr. Mustapha Ferjani to discuss ways to strengthen development cooperation between the two countries and explore opportunities to support key projects in Tunisia.
The loan, exceeding $38 million, was signed in the presence of Saudi Ambassador to Tunisia Dr. Abdulaziz Al-Saqr.The agreement reflects the strong bilateral development partnership that has spanned nearly 50 years.
The Oasis Hub Project aims to support sustainable rural development through the reclamation of more than 1,000 hectares of agricultural land across various regions of Tunisia.
The project includes the drilling and equipping of 22 wells, the expansion of rural villages and their infrastructure, and the construction of over 285 housing units for local beneficiaries.The project will also enhance the region's infrastructure by building roads, pipelines, and networks for potable and irrigation water, while also supporting the development of educational institutions, agricultural facilities, and cultural, social, and commercial centers.
These efforts aim to improve the quality of life and stimulate economic and social growth in Tunisia's southern governorates.The agreement is part of SFD's ongoing efforts to promote sustainable development in Tunisia by financing infrastructure projects that contribute to improving living standards, creating job opportunities, and supporting the achievement of the Sustainable Development Goals (SDGs).Since it began operations in Tunisia in 1975, SFD has financed 32 development projects and programs through concessional loans totaling more than $1.2 billion, in addition to grants provided by Saudi Arabia through SFD, amounting to over $105 million.During his visit to Tunisia, Al-Marshad also met with Tunisian Prime Minister Sarra Zaafrani Zenzri and Tunisian Minister of Health Dr. Mustapha Ferjani to discuss ways to strengthen development cooperation between the two countries and explore opportunities to support key projects in Tunisia.
