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Press Dossier   News Category    Economy    Saudi development fund and UNDP discuss developing cooperation

Arab News, Thursday, Mar 23, 2023 | Ramadan 1, 1444

​​Saudi development fund and UNDP discuss developing cooperation

Saudi Arabia: The CEO of the Saudi Fund for Development, Sultan Al-Marshad, met with Nahid Hussein, the resident representative of the UN Development Programme for the Kingdom, and her accompanying delegation in the capital, Riyadh, the Saudi Press Agency reported on Wednesday.

During the meeting, the two sides discussed development projects and programs financed by SFD in developing countries. 

They also reviewed issues of mutual interest, including means to enhance development cooperation between the two sides, address challenges, and develop sustainable solutions.

The SFD has been working for nearly 50 years to support development projects in developing countries, which come in various vital sectors to help achieve basic development services in those countries and improve the standard of living of societies to support the least developed and poorest countries. 

The fund works to finance these projects to achieve sustainable development goals and enhance the effectiveness of development aid through partnership and cooperation with regional and international organizations and institutions.

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