$41 Million Saudi Development Loan for Dominica
Sudan Events – Agencies
The Saudi Fund for Development has signed its first development loan agreement with the Commonwealth of Dominica, valued at $41 million, to finance an infrastructure rehabilitation project in the capital, Roseau. This marks the beginning of the fund’s activities in Dominica.
The agreement was signed in the presence of Dominica’s Prime Minister Roosevelt Skerrit, the CEO of the Saudi Fund for Development Sultan Abdulrahman Al-Murshed, and Dominica’s Minister of Finance and Economic Development Dr. Irving McIntyre.
The agreement funds the construction and rehabilitation of seven main roads in Dominica, the development of drainage systems, and the relocation of electrical and telecommunication lines underground. These improvements aim to support Dominica’s economic and social growth and enhance sustainable development in small island nations.
