Saudi Fund – Newswire https://www.newswire.lk Sri Lanka's largest News aggregator Tue, 15 Jul 2025 05:20:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.8 https://www.newswire.lk/wp-content/uploads/2020/05/favicon.png Saudi Fund – Newswire https://www.newswire.lk 32 32 President and Heads of Saudi Fund explore opportunities for new initiatives https://www.newswire.lk/2025/07/15/president-and-heads-of-saudi-fund-explore-opportunities-for-new-initiatives/ Tue, 15 Jul 2025 05:20:19 +0000 https://www.newswire.lk/?p=195001

President Anura Kumara Dissanayake and the CEO of the Saudi Fund for Development, Sultan A. Al-Marshad, have engaged in aContinue Reading

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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)

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Delegation from the Saudi Fund for Development visits Sri Lanka https://www.newswire.lk/2024/02/28/delegation-from-the-saudi-fund-for-development-visits-sri-lanka/ Wed, 28 Feb 2024 04:29:16 +0000 http://www.newswire.lk/?p=140885

Ambassador of the Kingdom of Saudi Arabia to Sri Lanka, Khalid bin Hamoud Al-Kahtani received a delegation from the DevelopmentContinue Reading

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Ambassador of the Kingdom of Saudi Arabia to Sri Lanka, Khalid bin Hamoud Al-Kahtani received a delegation from the Development Evaluation Department of the Saudi Fund for Development (SFD) on Tuesday (Feb 27). 

The visit aims to conduct a post-implementation evaluation of the Epilepsy Hospital and Health Centers project in the Republic of Sri Lanka.

The project was implemented by the Sri Lankan Ministry of Health at a cost of US$ 75 Million, with a contribution from the Saudi Fund for Development amounting to US$ 32 Million. 

The project was declared opened in December 2017, and it is noteworthy that the Epilepsy Hospital consists of 08 floors with a capacity of 242 beds within the national hospital complex in the capital, Colombo. 

The hospital also meets the increasing health needs and provides services for treating epilepsy and convulsions resulting from an increase in the brain’s electrical energy. (NewsWire)

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Saudi Fund delegation in SL to review projects https://www.newswire.lk/2023/02/28/saudi-fund-delegation-in-sl-to-review-projects/ Tue, 28 Feb 2023 04:49:20 +0000 http://www.newswire.lk/?p=111168

A delegation from the Saudi Fund for Development, headed by Eng. Mohammad Al-Masoud, Director of Operations for Central and WestContinue Reading

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A delegation from the Saudi Fund for Development, headed by Eng. Mohammad Al-Masoud, Director of Operations for Central and West Asia, is currently on a visit to Sri Lanka.

The visit is being undertaken in order to follow up on the ongoing development projects which are funded by the Saudi Fund for Development.

The delegation met with Sri Lanka’s Foreign Minister Ali Sabry for a discussion, while the Saudi Ambassador to Sri Lanka Khalid Hamoud Alkahtani, also participated in the meeting.

The Saudi Fund delegation also met with officials of Sri Lanka’s Finance Ministry to review the projects.

Since the beginning of its development activities in Sri Lanka, the Saudi Fund for Development has contributed to financing 12 projects in the sectors of water, energy, health, roads and education, amounting to around 424.7 million US Dollars. (NewsWire)

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