SDF finances 609 projects worth more than SR 51 billion in 82 countries

The Kingdom of Saudi Arabia has continued over the past decades providing assistance to developing countries, since its unification by late King Abdulaziz bin Abdulrahman Al Saud until the present prosperous era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.

The Kingdom has been one of the main countries that provide humanitarian and developmental assistance to developing countries, recognising the need of these countries and the importance of cooperation and solidarity among members of the international community, according to the Saudi Press Agency.

The Saudi Fund for Development, SDF, which began its activities in 1975, is the main channel through which the Kingdom of Saudi Arabia provides its development assistance.

Since the inception of the Fund until the end of 2016, it had contributed to financing 582 projects and 27 development programmes in 82 developing countries distributed between Africa, Asia and other regions with a total amount up to more than SR51 billion, whereas an amount of SR27 billion was allocated to finance 359 development projects programmes in 45 African countries, SR23 billion for 232 projects in 29 countries in Asia, and 18 projects worth more than one billion riyals in other regions of the world.