SFD to Finance Infrastructure Rehabilitation Project in Dominica

The Saudi Fund for Development (SFD) today signed a loan agreement with the Commonwealth of Dominica to finance the $41-million Infrastructure Rehabilitation Project in Roseau, the capital city.
The project is expected to drive socio-economic growth and improve the quality of life.
The agreement was signed by SFD CEO Sultan Al-Marshad and Dominican Minister of Finance Dr. Irving McIntyre. Dominica's Prime Minister Roosevelt Skerrit delivered a keynote address at the ceremony.
The project entails rehabilitating seven main streets, improving road connectivity, and improving safety and access to basic services. It will also contribute to commercial and residential development, and create jobs.
The project aligns with the UN's Sustainable Development Goals and demonstrates SFD's commitment to supporting development in Dominica and other Small Island Developing States (SIDS).
Al-Marshad said: "We wish Dominica continued growth and prosperity. May this project drive positive change and sustainable development."
Prime Minister Skerrit expressed gratitude for Saudi Arabia's support and acknowledged SFD's role in the project.
According to McIntyre, "the project is a critical step in addressing the challenges facing Roseau. It is expected to increase social and economic productivity."
SFD, celebrating its 50th anniversary, has financed over 800 projects in 100 countries. Since 2023, it has extended development loans to 10 new SIDS.