Chief Executive Officer of the Saudi Fund for Development (SFD), H.E. Sultan Al-Marshad, accompanied by a delegation, paid a visit to Grenada On August 1. During the visit, they were received by Grenada’s Prime Minister, Dickon Mitchell.
A focus on mutual collaboration and developmental prospects formed the crux of the meeting.
Advancing mutual collaboration: Key discussion points
The meeting emphasized the critical role of international unity and cooperation in achieving sustainable development and spurring economic and social growth, particularly in Small Island Developing States (SIDS).
The conversations also delved into pivotal developmental sectors such as social infrastructure, energy, and economic growth. The potential for SFD to extend its support was also closely examined.
Prime Minister Mitchell and H.E. Sultan Al-Marshad share perspectives
Speaking at this juncture, Prime Minister Mitchell conveyed, “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.”
H.E. Sultan Al-Marshad, reciprocating the sentiment, stated: “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 epitomizes the SFD’s efforts to promote environmental sustainability and development in emerging countries, including SIDS and those in the Caribbean.
With a solid track record of implementing more than 700 development projects and programs in 89 countries since its inception in 1975, the SFD continues its mission of fostering development worldwide.
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