President and Heads of Saudi Fund explore opportunities for new initiatives

July 15, 2025 at 10:50 AM

President Anura Kumara Dissanayake and the CEO of the Saudi Fund for Development, Sultan A. Al-Marshad, have engaged in a discussion to assess the current progress of projects implemented with assistance from the Fund and to identify opportunities for new initiatives. 

During the meeting held at the Presidential Secretariat last afternoon, extensive discussions were also held on the support provided by the Saudi Fund to Sri Lanka. 

The Fund also expressed its willingness to place greater emphasis on digitalization, recognizing its importance in strengthening and enhancing the efficiency of key public services. 

The discussions also focused on the continued implementation of the projects currently underway in Sri Lanka with the support of the Saudi Fund for Development. 

President Anura Kumara Dissanayake recalled the long-standing friendship between Sri Lanka and Saudi Arabia and expressed his gratitude for the unconditional support extended by Saudi Arabia during Sri Lanka’s recent economic crisis. 

The President stated that the assistance provided by the Saudi Fund for Development for new projects would be allocated based on the priorities of the people and directed toward meeting those identified needs. 

The Ambassador of the Kingdom of Saudi Arabia to Sri Lanka, Khalid Hamoud Nasser Aldasam Alkahtani, along with the Director General of Asia Operations, Saudi Fund for Development, Dr. Saud Ayid Al-Shammari and a delegation of representatives from the Fund, participated in this occasion. 

Representing the Government of Sri Lanka, Minister of Labour and Deputy Minister of Economic Development Anil Jayantha Fernando, Senior Additional Secretary to the President Roshan Gamage, Secretary to the Ministry of Finance Harshana Suriyapperuma, and Director General of the Department of External Resources R.M.S.P.S. Bandara participated. (Newswire)