{"id":44500,"date":"2023-10-19T15:42:46","date_gmt":"2023-10-19T12:42:46","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=44500"},"modified":"2026-03-28T04:18:13","modified_gmt":"2026-03-28T01:18:13","slug":"saudi-fund-for-development-signs-first-100-million-development-loan-agreement-to-establish-a-climate-smart-infrastructure-project-in-grenada","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/saudi-fund-for-development-signs-first-100-million-development-loan-agreement-to-establish-a-climate-smart-infrastructure-project-in-grenada\/","title":{"rendered":"Saudi Fund for Development Signs First $100 Million Development Loan Agreement to Establish a Climate Smart Infrastructure Project in Grenada"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Marrakech, Morocco, 14 October 2023<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today SFD\u2019s first development loan agreement in Grenada&nbsp;<a>with the Minister of Finance of Grenada, Hon. Dennis Cornwall<\/a>, through which SFD is contributing $100 million USD to fund the construction of the \u201cClimate Smart Infrastructure Project\u201d, marking it the<strong>&nbsp;<\/strong>91<sup>st<\/sup>&nbsp;nation to receive funds from SFD for development project. The signing took place on the sidelines of the 2023 World Bank Group &#8211; IMF Annual Meetings in the city of Marrakech, Morocco.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The development loan will help to develop climate smart infrastructure&nbsp;<a>in the towns of St. George, Greenville, and their neighboring areas.&nbsp;<\/a>The project will include constructing breakwaters, developing water and sewage networks, modernizing and developing the sewage treatment system, and using remote sensors to monitor air pollution. These measures will help to make Grenada more climate-smart and environmentally friendly, while contributing towards improving both the quality of life and the health of the local population.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, the project will support the realization of the United Nations&#8217; Sustainable Development Goals (SDGs), specifically SDG 11, Sustainable Cities and Communities, and SDG 13, Climate Action.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/\u0627\u0644\u0635\u0646\u062f\u0648\u0642-\u0627\u0644\u0633\u0639\u0648\u062f\u064a-\u0644\u0644\u062a\u0646\u0645\u064a\u0629-\u064a\u0648\u0642\u0639-\u0627\u062a\u0641\u0627\u0642\u064a\u0629-\u0623\u0648\u0644-\u0642\u0631\u0636-\u062a\u0646\u0645\u0648\u064a-\u0628\u0642\u064a\u0645\u0629-100-\u0645\u0644\u064a\u0648\u0646-\u062f\u0648\u0644\u0627\u0631-\u0644\u062f\u0639\u0645-\u0627\u0644\u0628\u0646\u064a\u0629-\u0627\u0644\u062a\u062d\u062a\u064a\u0629-\u0641\u064a-\u063a\u0631\u064a\u0646\u0627\u062f\u06272_ssict_1200_900.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/\u0627\u0644\u0635\u0646\u062f\u0648\u0642-\u0627\u0644\u0633\u0639\u0648\u062f\u064a-\u0644\u0644\u062a\u0646\u0645\u064a\u0629-\u064a\u0648\u0642\u0639-\u0627\u062a\u0641\u0627\u0642\u064a\u0629-\u0623\u0648\u0644-\u0642\u0631\u0636-\u062a\u0646\u0645\u0648\u064a-\u0628\u0642\u064a\u0645\u0629-100-\u0645\u0644\u064a\u0648\u0646-\u062f\u0648\u0644\u0627\u0631-\u0644\u062f\u0639\u0645-\u0627\u0644\u0628\u0646\u064a\u0629-\u0627\u0644\u062a\u062d\u062a\u064a\u0629-\u0641\u064a-\u063a\u0631\u064a\u0646\u0627\u062f\u06272_ssict_1200_900-1024x768.webp\" alt=\"\u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0644\u0644\u062a\u0646\u0645\u064a\u0629 \u064a\u0648\u0642\u0639 \u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0623\u0648\u0644 \u0642\u0631\u0636 \u062a\u0646\u0645\u0648\u064a \u0628\u0642\u064a\u0645\u0629 100 \u0645\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 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https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/\u0627\u0644\u0635\u0646\u062f\u0648\u0642-\u0627\u0644\u0633\u0639\u0648\u062f\u064a-\u0644\u0644\u062a\u0646\u0645\u064a\u0629-\u064a\u0648\u0642\u0639-\u0627\u062a\u0641\u0627\u0642\u064a\u0629-\u0623\u0648\u0644-\u0642\u0631\u0636-\u062a\u0646\u0645\u0648\u064a-\u0628\u0642\u064a\u0645\u0629-100-\u0645\u0644\u064a\u0648\u0646-\u062f\u0648\u0644\u0627\u0631-\u0644\u062f\u0639\u0645-\u0627\u0644\u0628\u0646\u064a\u0629-\u0627\u0644\u062a\u062d\u062a\u064a\u0629-\u0641\u064a-\u063a\u0631\u064a\u0646\u0627\u062f\u06272_ssict_1200_900-768x576.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/\u0627\u0644\u0635\u0646\u062f\u0648\u0642-\u0627\u0644\u0633\u0639\u0648\u062f\u064a-\u0644\u0644\u062a\u0646\u0645\u064a\u0629-\u064a\u0648\u0642\u0639-\u0627\u062a\u0641\u0627\u0642\u064a\u0629-\u0623\u0648\u0644-\u0642\u0631\u0636-\u062a\u0646\u0645\u0648\u064a-\u0628\u0642\u064a\u0645\u0629-100-\u0645\u0644\u064a\u0648\u0646-\u062f\u0648\u0644\u0627\u0631-\u0644\u062f\u0639\u0645-\u0627\u0644\u0628\u0646\u064a\u0629-\u0627\u0644\u062a\u062d\u062a\u064a\u0629-\u0641\u064a-\u063a\u0631\u064a\u0646\u0627\u062f\u06272_ssict_1200_900-1080x810.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/10\/\u0627\u0644\u0635\u0646\u062f\u0648\u0642-\u0627\u0644\u0633\u0639\u0648\u062f\u064a-\u0644\u0644\u062a\u0646\u0645\u064a\u0629-\u064a\u0648\u0642\u0639-\u0627\u062a\u0641\u0627\u0642\u064a\u0629-\u0623\u0648\u0644-\u0642\u0631\u0636-\u062a\u0646\u0645\u0648\u064a-\u0628\u0642\u064a\u0645\u0629-100-\u0645\u0644\u064a\u0648\u0646-\u062f\u0648\u0644\u0627\u0631-\u0644\u062f\u0639\u0645-\u0627\u0644\u0628\u0646\u064a\u0629-\u0627\u0644\u062a\u062d\u062a\u064a\u0629-\u0641\u064a-\u063a\u0631\u064a\u0646\u0627\u062f\u06272_ssict_1200_900.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The funded project in climate-smart infrastructure will support the health and well-being of the local population, and will help provide direct and indirect job opportunities, which will contribute towards the country\u2019s socio-economic growth. The project also reflects the importance that SFD places on mitigating climate change through smart and environmentally-friendly projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agreement signed today is part of SFD\u2019s efforts to support environmental sustainability and development in Grenada, developing countries and Small Island Developing States (SIDS) around the world. Since its establishment 1974, SFD has implemented more than 700 development projects and programs in over 90 countries around the world.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This agreement marks a major milestone, and a significant expansion of SFD&#8217;s work in the Caribbean region. It also reaffirms the importance of international cooperation and solidarity to achieve the SDGs and foster social and economic growth, particularly in SIDs.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marrakech, Morocco, 14 October 2023 The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today SFD\u2019s first development loan agreement in Grenada&nbsp;with the Minister of Finance of Grenada, Hon. Dennis Cornwall, through which SFD is contributing $100 million USD to fund the construction of the \u201cClimate Smart Infrastructure Project\u201d, marking it [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":44502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-44500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Fund for Development - $100M Climate Smart Loan | | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Saudi Fund for Development signs a $100M loan for Grenada\u2019s Climate Smart Infrastructure Project\u2014its first in the country. 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