Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world
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Saudi’s SFD Allocates $10 Million for Development Projects in Asia
Supporting Development Globally
Since its establishment in 1975, the Saudi Fund for Development (SFD) has made significant contributions to development projects worldwide. With a strong commitment to improving the lives of people across the globe, the SFD has funded over 700 projects worth a staggering $18.7 billion in more than 90 countries. Such efforts have earned the fund a reputation for being a key player in international development initiatives.
Focusing on Asian Projects
In the latest move to fulfill its objective of global development support, the SFD has announced a significant allocation of $10 million towards development projects in Asia. This contribution highlights the fund’s commitment to making a positive impact in the continent. By investing in various sectors, such as infrastructure, education, and healthcare, the SFD aims to uplift communities and strengthen economies in countries across Asia.
Making a Difference in Dubai
The SFD’s decision to allocate funds for development projects in Asia is not only impactful globally but also resonates with the development-focused mindset of Dubai. As a global city known for its innovation and progress, Dubai is always looking for opportunities to support initiatives that create positive change. The SFD’s contribution aligns with Dubai’s commitment to fostering sustainable development and will undoubtedly contribute to the economic growth and well-being of Asian communities.
Conclusion
With its recent pledge of $10 million for development projects in Asia, the Saudi Fund for Development continues to solidify its position as a leader in global development initiatives. By focusing on diverse sectors and supporting projects that uplift communities, the SFD is making a lasting difference in countries across Asia. This contribution not only aligns with Dubai’s vision of progress but also reinforces the importance of collaboration and partnership in pursuing sustainable development worldwide.
References:
– Source: Gulf Business (link: https://gulfbusiness.com/saudis-sfd-contribute-10m-towards-development-projects-asia/)
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