The Saudi Fund for Development (SFD) has signed an additional development loan agreement worth $35 million for the construction of the King Salman bin Abdulaziz Specialized Hospital in Zambia, raising the total SDF funding for the hospital to $135 million.
The agreement was signed by CEO of SFD Sultan bin Abdulrahman Al-Marshad and Minister of Finance and National Planning of the Republic of Zambia Situmbeko Musokotwane in a ceremony attended by Saudi Ambassador to Zambia Ali Al-Qahtani.
The project seeks to establish a specialized gynecological and pediatric hospital with 800 medical beds in an area of more than 200,000 square meters. The facility will contribute to enhancing specialized health care, provide healthcare training, and improve the standards of health services that are currently lacking in Zambia, ultimately alleviating financial pressures on beneficiaries.
Al-Marshad, accompanied by Minister Musokotwane and Ambassador Al-Qahtani, visited the hospital project site to observe the ongoing construction stages.
Since 1978, the SFD has supported the Republic of Zambia with over $170 million in financing for various development projects and programs across essential sectors, aimed at fostering social growth and economic prosperity.
–SPA