Saudi fund delivers 1,568 housing units in Tunisia

  • 10/26/2024
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Kingdom’s unwavering support praised by minister RIYADH: Saudi Arabia’s Ambassador to Tunisia Abdulaziz bin Ali Al-Saqr and Tunisian Minister for Equipment and Housing Sarra Zaafrani Zenzri have overseen the delivery of 1,568 housing units funded by the Saudi Fund for Development in Bakri city in the Ariana Governorate in northern Tunisia. Abdullah bin Ali bin Mohammed Al-Zahrani, the Saudi fund’s director of North Africa operations, was present at the occasion, the Saudi Press Agency reported on Saturday. The initial phase of the project, which is being implemented in various governorates of Tunisia, involves the provision of 4,715 social housing units with concessional financing from the Saudi fund totaling $150 million. The Tunisian minister expressed gratitude and appreciation to Saudi Arabia for its unwavering support. Al-Saqr congratulated the families benefiting from the project, which is designed to provide adequate accommodation for Tunisian citizens. He pledged the Saudi fund’s commitment to carrying out all of its guaranteed development projects in the various regions of Tunisia. An $85 million contract was signed last month to construct and equip the King Salman bin Abdulaziz University Hospital in Kairouan, Tunisia, through the SFD. The project aims to strengthen healthcare infrastructure, establishing Kairouan as a regional health hub for the northwest and central regions. This will reduce the need for patients to travel long distances for treatment and help bridge the development gap between Tunisian regions, promoting social growth and stimulating economic activity. The Saudi fund has already provided Tunisia with funding for 32 development projects and programs through development soft loans totaling more than $1.23 billion. In addition, Saudi Arabia has provided four grants through the fund, amounting to more than $105 million, to support various development sectors in Tunisia.

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