Riyadh, April 08, 2024, The Kingdom of Saudi Arabia has been steadfast in providing development support to numerous developing countries worldwide, aiming to mitigate the challenges arising from natural disasters, climate-related issues, and other obstacles hindering the development process. One significant avenue through which this support is extended is the Saudi Fund for Development (SFD), showcasing a robust track record of continuous initiatives focused on development projects within the global health sector.
Since its establishment in 1975, the SFD has played a pivotal role in bolstering the health sector across developing nations worldwide. This support has been extensive, with the SFD funding 40 development projects and programs in Africa, 29 in Asia, 2 in Europe, and 4 in Latin America and the Caribbean. The financial commitment to these endeavors has exceeded $1.85 billion, representing a substantial portion of the Fund's overall support initiatives.
The SFD's contributions in the health sector are diverse and impactful. For instance, the Fund financed the King Faisal Hospital in Rwanda, a project initiated in 1986 that has facilitated kidney transplant services within the country, thereby reducing financial burdens for patients. Similarly, the construction and equipping of the 220-bed Heart Institute in Kampala, Uganda, have significantly benefited over 62,000 individuals annually.
Beyond healthcare projects, the SFD has been instrumental in supporting various sectors crucial to sustainable development. With over 800 projects and development programs financed globally, valued at more than $20 billion, the Fund's efforts span education, transportation, agriculture, housing, water and sanitation, energy, and more. These initiatives align with the Fund's overarching goal of fostering economic and social growth, improving living standards, and facilitating knowledge advancement, capacity building, and job creation for millions of beneficiaries worldwide.
