Saudi Fund for Development signs agreement with El Salvador

The Saudi Fund for Development, represented by CEO Sultan bin Abdulrahman Al-Marshad, has taken a significant step towards fostering developmental cooperation with El Salvador. An agreement was signed between Al-Marshad and El Salvador's Minister of Foreign Affairs, Alexandra Hill Tinoco, to facilitate collaborative projects and programs. The signing ceremony, held in Riyadh, also saw the presence of Haytham bin Hassan Al-Malki, the Kingdom's ambassador to Mexico and non-resident ambassador to El Salvador, along with El Salvador's Ambassador to Saudi Arabia, Ricardo Ernesto Cucalon Levy.

The agreement focuses on financing a crucial initiative involving a water treatment and energy generation project utilizing biogas in the Acelhuate River region. This project will be supported by a development loan from the Saudi fund, emphasizing the fund's commitment to assisting various countries in meeting essential needs for sustainable growth and prosperity.

This collaboration underscores the fund's dedication to supporting vital infrastructure projects globally, contributing to the advancement of sustainable development goals and fostering stronger ties between Saudi Arabia and El Salvador.