SFD Project Rehabilitating Banjul Int’l Airport, Start

CEO of the Saudi Fund for Development (SFD) Sultan Al-Marshad, in the presence of the Vice President of the Republic of Gambia Isatou Touray,  inaugurated a project to rehabilitate and develop Banjul International Airport in the Republic of Gambia, which was financed by the Fund with a total value of $31 million.

The project will contribute to raising the operational capacity of the airport by 43%, enhancing the prospects for economic exchange and its growth and improving the lives of more than two million beneficiaries.

Gambian Vice President and SFD’s CEO have also laid the foundation stone for the construction of the VIP lounge, at Banjul International Airport, as well as for the road project, in the capital, Banjul.

During the opening ceremony, Isatou Touray praised the efforts of the Kingdom of Saudi Arabia in supporting development and infrastructure projects in African countries, citing the importance of the great role being played by the Kingdom through SFD in supporting sustainable development projects, in Gambia.

 For his part, Al-Marshad stressed that these development projects are nothing but an extension of the generous support being provided by the Kingdom of Saudi Arabia to the Republic of Gambia, in various vital sectors, and this support includes 14 development loans and 5 grants with a total value estimated at about $215 million, according to SPA.

It is worth mentioning that the Fund, through its financing march, provided support to the air transport sector around the world by financing 20 projects and development programs with a total value of $294 million, which included building landing strips, expansion of navigational services, providing engineering consultancy and rehabilitating many international airports.