Saudi Fund for Development invests US$10M in new medical center in Mauritania

SAUDI ARABIA – The Saudi Fund for Development (SFD) has invested US$10 million in a new medical center in the Islamic Republic of Mauritania.

This investment comes shortly after SFD signed a US$39 million multi-year contribution agreement with the Global Fund to Fight AIDS, Tuberculosis, and Malaria.

The Saudi Fund for Development aims to continue supporting various sectors in developing countries towards sustainable development.

In a statement, SFD said: “The launch of the Atar Medical Center will contribute to our collective vision of significantly improving basic healthcare services for the people of Mauritania.”

SFD contributed to the inauguration of the Atar Medical Center in financing through a US$10 million grant provided by the Kingdom of Saudi Arabia to the Islamic Republic of Mauritania.

Spanning over 9,000 square meters, the newly launched Atar Medical Center will host renovated buildings and departments.

The Atar Medical Center is fully equipped with the latest medical technology and equipment in a bid to provide the Mauritanian population with enhanced access to quality healthcare.

Consequently, the inauguration of the Atar Medical Center demonstrates SFD’s long-term commitment to the Islamic Republic of Mauritania.

The high-level launch was graced by the President of the Islamic Republic of Mauritania, His Excellency Mohamed Ould Ghazouani, Chief Executive Officer of the Saudi Fund for Development, H.E.  Sultan Al-Marshad.

It was attended by the Minister of Economy and Sustainable Development of Mauritania, H.E. Abdessalam Ould Mohamed Saleh, and the Minister of Health of Mauritania, H.E. Naha Hamdi Meknas.

Additionally, the opening ceremony was attended by the Kingdom of Saudi Arabia Ambassador to the Islamic Republic of Mauritania, H.E. Mohammed bin Ayed Albalawi, alongside top officials from both sides.

SFD’s contribution to the achievement of the project’s objectives builds on the strong and long-standing relationship between the Kingdom of Saudi Arabia and the Government of Mauritania.

Over the years, the SFD has supported 53 projects in Mauritania, through soft development loans and grants totaling over US$800 million, which have promoted socio-economic growth and prosperity.

It attests to the Saudi Arabian government agency’s commitment to supporting sustainable development in developing countries around the world.

Saudi Arabia is ranked among the top donor countries offering official development assistance to low and medium-income countries to improve the lives of countless individuals, families, and communities.

In this context, the Saudi Fund for Development stated: “Since 1975, SFD has funded more than 800 development projects worth US$20 billion, in over 100 countries around the world.”

SFD supports educational institutions in Mauritania

To further advance sustainable development in Mauritania, SFD has entered into a US$40 million development loan agreement with the Ministry of Economy and Sustainable Development.

The development loan agreement was signed by SFD’s CEO, H.E. Sultan Al-Marshad, and Mauritania’s Minister of Economy and Sustainable Development, H.E.  Abdessalam Ould Mohamed Saleh.

This funding will help the Mauritanian agency deliver a project aimed at establishing and equipping educational institutes that are specialized in key sectors of the economy.

Moreover, the project will contribute towards helping Mauritania achieve its developmental goals by increasing the capacity for higher education across the country.

Mauritania is readying to kick off the construction of new institutes that will teach a range of administrative and educational sciences.

This project aligns with the requirements of the economy, labor market, and the nation’s sustainable development.

Equally important, the project supports the realization of the United Nations’ Sustainable Development Goals (SDGs), specifically SDG 4, Quality Education, and SDG 8, Decent Work and Economic Growth.

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