Riyadh, November 24.2022

CEO of the Saudi Fund for Development (SFD), Mr. Sultan Abdulrahman Al-Marshad, received Mr. Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), and his accompanying delegation at the SFD headquarters. The meeting focused on enhancing the vital, possible opportunities in development projects and programs between the two sides.

As part of the meeting, the AIIB delegation toured the SFD photo exhibition, which showcases the SFD's most prominent development projects implemented in several sectors. During the tour, an introductory presentation was, moreover, made on the impact and statistics associated with SFD's projects since its inception.

President and Chair of AIIB's Board of Directors, Mr. Jin Liqun, praised SFD's achievements in the past year and the positive impact of its projects and programs and their global reach, especially those related to infrastructure.

The Kingdom of Saudi Arabia has been a founding and active member of AIIB since 2016. The bank focuses on developing the Asian continent in cooperation with members from Asia and all over the world. AIIB's investments include infrastructure and other productive sectors with the aim of improving and strengthening sustainable economic development.

With sustainable development at the core of its strategy, SFD is one of the largest active entities providing development assistance to developing countries through partnership and collaboration with regional and international organizations.

Since 1975, SFD has contributed to achieving stability and prosperity for many developing countries, in line with the Kingdom's Vision 2030 objectives for achieving prosperity and providing social and economic support to developing countries.