Saudi Fund for Development 

Cooperation between Jordan and the Saudi fund for Development

 

Bilateral Relations between Jordan and the Saudi Fund for Development

The Saudi Fund for Development was established by a Royal Decree in March 1975. The Fund started its activities with a capital of SR10 million provided by the Government of Saudi Arabia, which was later increased to reach SR31 billion.

The Fund aims to finance development projects in developing countries in order to achieve economic progress. It also finances economic and social development projects and programs in these countries, within the framework of their priority sectors and according to their development plans and programs.

 Jordan is one of the first countries to have received assistance from the Saudi Fund. During the period 1975-2010, the Fund has financed 18 priority economic and social development projects through soft loans, with a total amount of US$ 315,617 million.

 Areas of Assistance

Projects funded through soft loans by the Saudi Fund focus on the following areas:

  • Water.
  • Infrastructure.
  • Health.
  • Industry.

Ongoing Projects funded by the Saudi Fund:

1. Samra Electric Power Generating Plant (phase III): expanding the electric power generating plant to meet the growing demand for electricity.

2. Al-Zarqa Hospital: building a new hospital with a capacity of 400 beds, to provide better healthcare services for the city of Zarqa.

3. Expansion of Al Basheer Hospital (phases II&III): expanding the Hospital with the aim of improving healthcare services provided to citizens.

 

For more information, visit the following website:

http://www.sfd.gov.sa

 






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Phone: 00-962-6-4644466, Fax: 4649341-4642247
E-mail address: mop@mop.gov.jo

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