Saudi Fund For Development Visits Grenada To Discuss Potential Development Collaboration

PR – The Saudi Fund for Development (SFD) Chief Executive Officer, H.E.  Sultan Al-Marshad, and his accompanying delegation, held a courtesy visit to the  Caribbean nation of Grenada on August 1, 2023, and met with the Prime Minister of Grenada, Hon. Dickon Mitchell. 

During the meeting, avenues of collaboration and potential development projects were  discussed, and the importance of international cooperation and solidarity was underlined,  in terms of how it can help to realize sustainable development, and foster economic and  social growth, particularly in Small Island Developing States (SIDS). Moreover, both  parties explored key developmental sectors, including areas such as social infrastructure,  energy and economic development, where SFD could potentially provide its support. 

On this occasion, the Prime Minister of Grenada, Hon. Dickon Mitchell, said: “I am  immensely happy to welcome to Grenada the delegation of the SFD, led by H.E. Sultan  Al-Marshad. This visit is a testimony to the commitment of the SFD, and the Government  and people of Kingdom of Saudi Arabia, to forge a close partnership with Grenada,  focused on socio-economic development and mindful of the inherent vulnerabilities of  SIDS. Grenada and the SFD are working towards concluding an agreement that will allow  the Fund to support major infrastructural projects that address Grenada’s resilience,  mitigation and adaptation to the harmful effects of climate change on some of our country’s significant urban, rural and major tourist sites, including the seacoast and  beaches.” 

On his part, the Chief Executive Officer of SFD, H.E. Sultan Al-Marshad, said: “I am  delighted to be here today in Grenada, to explore potential development cooperation with  the government, and projects that can help generate socio-economic development and  benefit the local population. SFD has recently been active in providing its support  throughout the SIDS, and we look forward to contributing towards Grenada’s  development journey, and helping the nation achieve its sustainable development goals.” 

The visit aligns with SFD’s efforts to contribute towards environmental sustainability and  development across developing countries, including the SIDS and Caribbean nations.  Since operations began in 1975, SFD has implemented more than 700 development  projects and programs in 89 countries around the world.