Saudi Fund for Development and Broadcasting Authority sign agreement for enhanced cooperation

  • 11/15/2023
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The authority will provide coverage and documentation of projects financed by the fund in developing nations, and the organizations will exchange knowledge and data The agreement was signed by Mohammed Fahad Al-Harthi, head of the broadcasting authority, and Sultan Al-Murshid, CEO of the development fund RIYADH: The Saudi Fund for Development and the Saudi Broadcasting Authority on Tuesday signed a memorandum of understanding to enhance cooperation in a number fields. Under the agreement, the broadcasting authority will provide media coverage and documentation for development projects financed by the fund in developing nations. The organizations will also exchange knowledge and data, and organize joint training courses. The agreement was signed by Mohammed Fahad Al-Harthi, the head of the broadcasting authority, and Sultan Al-Murshid, the CEO of the development fund, Al-Ekhbariya TV news channel reported. Al-Murshid said that the organizations were already working together before the agreement was signed to publicize the work of the development fund in beneficiary countries. Al-Harthi said: “We are proud of this partnership with the SFD, which is in line with our policy to build partnerships with bodies whose work complements ours.” He also highlighted comments by Abdullah Al-Rabeeah, head of Saudi aid agency KSrelief, who said in December 2022 that the Kingdom ranked first among global donor states in terms of development assistance, based on figures from the Organization for Economic Cooperation and Development. The huge and diverse range of development projects the fund has been involved with include the construction of hospitals in more than 100 countries around the world, Al-Harthi said. “This reflects the true image of Saudi Arabia, which provides humanitarian aid and supports (other nations),” he added, and his organization wants to help reveal this image to the rest of the world. Saudi Arabia’s Ministry of Economy and Planning said in September that the Kingdom has contributed more than $87 billion in international aid to help support development projects and combat poverty.

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