SFD Officials Assure Support in Preparation for the OIC 2022 Summit

Mamos Media

State House, Banjul, 28th June 2021: On day five of his official visit to the Kingdom of Saudi
Arabia, H.E President Adama Barrow arrived in the Saudi capital of Riyadh, where he had an
audience with the Chief Executive Officer of the Saudi Fund for Development (SFD), Sultan A.
Al-Marshad.
The President expressed gratitude to him for his institution’s support to The Gambia for more
than four decades, especially for urgently responding to the country’s request for Debt Service
Extension to address the impact of COVID -19. He equally commended him for the assistance
rendered to improve the country’s infrastructure in preparation for the OIC Summit in 2022.
In his reassuring remarks, Sultan A. Al-Marshad, said the Saudi Fund for Development is
committed to providing full support to The Gambia and will ensure the accelerated release of
funds. He highlighted that the institution has a dedicated team that urgently attends to the needs
of The Gambia’s projects. This is in line with supporting the country’s preparatory process for
the hosting of the largest gathering of Muslim leaders around the world.
The Director of Operations at the Saudi Fund for Development, Faisal M. Alkahtani said that the
Fund is concurrently supporting seven projects in The Gambia which are to the tune of one
hundred and eighty million dollars ($180M), and includes five projects supported through loans.
He added that The Gambia is the only country that has been provided with such assistance due to
what he described as a “special relationship with The Gambia”.
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