SFD highlights Saudi Arabia’s improvement efforts in Vietnam

by ADeeL

Saudi Gazette report

HANOI — The Saudi Fund for Improvement (SFD) has highlighted Saudi Arabia’s improvement efforts in Vietnam and the nations all over the world.

This has been highlighted throughout an occasion organized by Saudi Arabia’s embassy in Vietnam underneath the title of “Remodeling challenges into alternatives. A have a look at the SFD in Vietnam and all over the world”.

The occasion witnessed the participation of SFD CEO Sultan Bin Abdulrahman Al-Marshad to make clear the Kingdom’s improvement efforts on the planet and Vietnam particularly.

The occasion additionally witnessed the presence of Saudi Arabia’s Ambassador to Vietnam Mohammed Dahlawi, a variety of Vietnamese officers, along with worldwide companies and organizations.

The Vietnamese Deputy Minister of Planning and Funding Tran Quoc Phuong thanked the Saudi embassy for holding this occasion that contributes to joint cooperation and goals in the direction of affluent and sustainable improvement.

He additionally praised what the Kingdom’s authorities supplied by SFD in Vietnam to assist infrastructure initiatives, along with the optimistic impacts ensuing from these contributions.

In flip, the CEO of SFD said that the Fund has an in depth improvement relationship with Vietnam, confirming that the event packages and initiatives which might be funded by SFD within the nation come inside the contributions that may obtain financial development and prosperity.

He added “These initiatives had been concentrated in very important sectors that had a optimistic affect on the lives of the Vietnamese folks,”

From his facet, the Saudi ambassador clarified that the Fund contributions signify Saudi Arabia’s keenness and care in creating the social infrastructure and the financial development in Vietnam.

He famous that the SFD’s initiatives all over the world have had a major affect over the previous 5 a long time.

These initiatives have influenced financial development, social progress, and the development of societies in numerous elements of the world, which embodies the values of worldwide cooperation and solidarity.

It’s noteworthy that the SFD participated within the occasion with two pavilions to introduce the actions of the Fund in Vietnam and the nations all over the world.

The Fund’s cumulative assist reaches greater than 800 initiatives and improvement packages in additional than 100 creating nations since its institution in 1974, bringing the worth of these initiatives supplied by SFD to about $20 billion.

As for Vietnam, it’s thought-about as one of many nations which have benefited on the Asian continent from the exercise of the SFD since 2011.

The Saudi Fund’s assist for Vietnam reached 12 improvement initiatives and packages in numerous improvement sectors, together with transportation and social infrastructure, whereas the worth of the gentle loans supplied by the Fund for these initiatives quantities to greater than $164 million.

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