News SFD / healthcare Saudi Arabia Impact 8.0/10 3 min read

Maldives Secures US$150 Million from SFD for Airport and Healthcare Projects

The Maldives government signed two financing agreements with the Saudi Fund for Development (SFD) totaling US$150 million on Thursday, 16 May 2024. The funds include $100 million for the expansion of Velana International Airport (VIA) and $50 million for a healthcare sector development project that will establish three hospitals on three islands. Finance Minister Mohamed Shafeeq expressed gratitude for SFD support, and SFD CEO Sultan Abdulrahman Al-Marshad noted that SFD has provided $470 million for 16 projects in the Maldives.

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Maldives Republic

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May 17, 2024

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The Maldives government signed two financing agreements with the Saudi Fund for Development (SFD) totaling US$150 million on Thursday, 16 May 2024. The funds include $100 million for the expansion of Velana International Airport (VIA) and $50 million for a healthcare sector development project that will establish three hospitals on three islands. Finance Minister Mohamed Shafeeq expressed gratitude for SFD support, and SFD CEO Sultan Abdulrahman Al-Marshad noted that SFD has provided $470 million for 16 projects in the Maldives.

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Focus: Maldives Secures US$150 Million from SFD for Airport and Healthcare Projects

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Maldives Republic

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