Saudi Arabia has delivered 1,568 housing units to Tunisia, funded by the Saudi Fund for Development. This initiative is part of a larger project to construct a total of 4,715 social housing units with a financial commitment of $150 million. Additionally, contracts have been signed for healthcare improvements, demonstrating a comprehensive approach to regional development.
In a significant advancement in bilateral relations, Saudi Arabia has successfully delivered 1,568 housing units to Tunisia, a project overseen by Saudi Arabia’s Ambassador to Tunisia, Abdulaziz bin Ali Al-Saqr, and Tunisian Minister for Equipment and Housing, Sarra Zaafrani Zenzri. This project, funded by the Saudi Fund for Development, is part of a larger initiative aimed at providing a total of 4,715 social housing units throughout various regions in Tunisia, with concessional financing totaling $150 million. During the event, Abdullah bin Ali bin Mohammed Al-Zahrani, the director of North Africa operations for the Saudi fund, affirmed the Kingdom’s commitment to supporting Tunisian development. In addition to housing, recent contracts have also been signed to construct the King Salman bin Abdulaziz University Hospital in Kairouan, reflecting a comprehensive effort to bolster Tunisia’s healthcare system. The Saudi funds’ previous contributions to Tunisia have now exceeded 32 development projects worth over $1.23 billion, along with grants surpassing $105 million, solidifying a longstanding partnership.
The Saudi Fund for Development has been actively involved in financing numerous developmental projects in Tunisia, with a focus on various sectors including infrastructure, healthcare, and housing. The delivery of these housing units in Bakri city marks a continuation of Saudi Arabia’s sustained efforts to enhance social welfare and economic stability in Tunisia. The funding strategy of the Saudi Fund emphasizes concessional financing to aid developing nations, thereby promoting regional development initiatives. This specific project aims to improve living conditions for Tunisians and is a response to the longer-term goal of contributing to the region’s socio-economic growth.
The recent delivery of housing units in Tunisia underscores Saudi Arabia’s dedication to international development and its commitment to enhancing living conditions for its partners. With an ambitious plan that includes multiple housing and healthcare initiatives supported by substantial financial investment, this project exemplifies the strategic partnership between the two nations. The Saudi Fund for Development continues to play a pivotal role in facilitating constructive projects that foster regional progress and development.
Original Source: www.arabnews.com
