Saudi development fund signs cooperation deal with El Salvador

  • 5/3/2024
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RIYADH: The CEO of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad signed on Friday an agreement aimed at opening doors for developmental cooperation, projects and programs in El Salvador, with the country’s Minister of Foreign Affairs Alexandra Hill Tinoco. Also present at the signing ceremony in Riyadh were Haytham bin Hassan Al-Malki, the Kingdom’s ambassador to Mexico and non-resident ambassador to El Salvador, and El Salvador’s Ambassador to Saudi Arabia Ricardo Ernesto Cucalon Levy. The agreement is a step toward the financing of a water treatment and energy generation project using biogas in the area of the Acelhuate River, utilizing a development loan from the Saudi fund. This deal comes within the framework of the fund’s efforts to support the growth of vital needs in various countries to aid prosperity.

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