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Saudi Fund funds Gambia road project
The Saudi Development Fund has signed a development loan agreement with the Republic of Gambia worth up to $60 million to finance the road network development project in Greater Banjul. The funding aims to complete the necessary work to improve road efficiency, enhance rainwater drainage, increase traffic safety, and improve the quality and sustainability of the roads in the region. Since 1977, the Fund has provided 15 loans to implement 12 projects across the transportation, water, and education sectors, totaling over $181 million, in addition to five Saudi grants to Gambia valued at more than $43 million to support economic and social growth.
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