Saudi fund signs two loan agreements, inaugurates Hulhumale Island development in Maldives

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Fri, 2024-05-17 20:41

MALE: CEO of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad signed on Friday two development loan agreements with the Maldives’ Minister of Finance Dr. Mohammed Shafiq. These agreements will contribute to financing the Velana International Airport development project with a value of $100 million and the healthcare sector development project in the Maldives with a value of $50 million, provided by fund.

The deal signed by Sultan bin Abdulrahman Al-Marshad and Dr. Mohammed Shafiq in Male. (Supplied)
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