Saudi Fund for Development Signs Development Loan Agreement with Tajikistan for $30 Million

The Saudi Fund for Development (SFD) has taken a significant step in promoting economic growth and prosperity in Tajikistan by signing a development loan agreement worth $30 million. The agreement, signed by Sultan bin Abdulrahman Al Marshad, CEO of the SFD, and Faiziddin Qahhorzoda, Minister of Finance of Tajikistan, will finance the Kulob Ring Road Project. This project aims to construct a road that includes two bridges, enhancing traffic efficiency and safety, and facilitating international movement between Central Asian countries, China, and the Indian Ocean region. Additionally, the SFD has been actively engaged in supporting Tajikistan's development since 2002, having financed 14 projects and programs with concessional loans exceeding $323 million.

Key Takeaways:

• The Saudi Fund for Development has signed a development loan agreement worth $30 million to finance the Kulob Ring Road Project in Tajikistan.
• The project aims to construct a road with two bridges, improving traffic efficiency and safety, and facilitating international movement.
• The project is expected to promote socio-economic growth and prosperity in the region by ensuring safe movement of goods and vehicles.
• The Saudi Fund for Development has been actively engaged in supporting Tajikistan's development since 2002, financing 14 projects and programs with concessional loans exceeding $323 million.
• The fund has financed vital sectors in the country, including education, with a secondary school construction project in Danghara District.
• The project includes the construction of 11 secondary schools, while the previous four phases saw the establishment of 57 schools across the country with a total funding of $75 million.
• The Saudi Fund for Development has also supported the construction and equipping of several secondary schools, including a school in Danghara District, financed by the SFD with a total of $20 million.

Statistics:

• $30 million: The total value of the development loan agreement signed between the Saudi Fund for Development and Tajikistan for the Kulob Ring Road Project.
• $323 million: The total value of concessional loans exceeded by the Saudi Fund for Development in Tajikistan since 2002.
• $75 million: The total funding for the construction and equipping of 57 schools across Tajikistan in four previous phases of a broader project.
• $20 million: The total value of concessional loans provided by the Saudi Fund for Development for the construction and equipping of several secondary schools, including a school in Danghara District.
• 14: The number of projects and programs financed by the Saudi Fund for Development in Tajikistan since 2002.
• 57: The number of schools established across Tajikistan in four previous phases of a broader project.
• 11: The number of secondary schools to be constructed as part of Phase V of the project.

Sources:

• Qatar News Agency (QNA)
• Saudi Fund for Development (SFD)