Saudi Fund for Development (SFD) Chief Executive Officer Sultan bin Abdulrahman Al-Marshad, along with Minister of Public Works and Housing Sarah Zaafrani, have recently provided 270 housing units in Zaghouan, Tunisia.
The Saudi Ambassador to Tunisia, Dr. Abdulaziz bin Ali Al-Saqr, and Zaghouan Governor Mohammed Al-Ash were also present during the ceremony. The housing units are part of the first phase of the Riyadh housing project, which aims to provide 4,715 housing units in various regions of Tunisia.
The SFD is financing the project through a development soft loan worth more than $150 million to improve living standards by making it easier for people to access housing units. The project will also create direct and indirect job opportunities and promote social growth and economic prosperity in Tunisia.
In a separate agreement, Al-Marshed signed a development soft-loan agreement worth $55 million with Tunisian Minister of Economy and Planning Feryel Ouerghi to finance the project for renovating and developing railways for transporting phosphate in Tunisia. The SFD has supported Tunisia since 1975 by financing 35 development projects and programs through development soft loans and generous grants worth more than $1.3 billion. The funding supports social infrastructure, transportation, energy, and rural development.
TunisianMonitorOnline (SPA)
