Riyadh, March 1, 2024, Sultan Al-Marshad, the Chief Executive Officer of the Saudi Fund for Development (SFD), recently welcomed Matai Seremaiah Nawalu, Deputy Prime Minister and Minister of Foreign Affairs, International Cooperation, and External Trade of the Republic of Vanuatu, in a high-profile meeting aimed at bolstering cooperation between the two entities.
During the meeting, discussions centered on enhancing collaboration between the SFD and Vanuatu, reflecting a mutual commitment to advancing developmental initiatives. As part of the minister's visit, he was given a guided tour of an interactive exhibition housed within the SFD's headquarters. The exhibition offers insights into the fund's notable development endeavors across diverse developing nations worldwide, underscoring their sustainable impact on beneficiary communities, fostering social progress, and driving economic prosperity.
This meeting is emblematic of the SFD's overarching vision to emerge as a comprehensive strategic partner for sustainable economic advancement in developing countries globally. With a rich legacy dating back to 1975, the SFD has spearheaded over 800 projects and development programs spanning more than 100 developing nations worldwide. These initiatives, collectively valued at approximately $20 billion, have been instrumental in bolstering crucial sectors vital to social and economic growth, thereby underpinning the fund's enduring commitment to fostering prosperity and progress on a global scale.
