Maldives secures loans from Saudi Fund for VIA and healthcare sector

The Government of Maldives has signed loan agreements with the Saudi Fund for Development (SFD) to propel the advancement of Velana International Airport (VIA) and strengthen the healthcare sector.

Minister of Finance, Dr. Mohamed Shafeeq, and CEO of SFD, Sultan Abdulrahman Al-Marshad, formalised the agreements during a ceremony held at the Ministry of Finance. The VIA Development Agreement involves a substantial USD100 million loan, while the healthcare sector is set to benefit from USD50 million under the signed accord.

During the signing ceremony, CEO Sultan Abdulrahman underscored the SFD's enduring support, emphasizing the significance of the allocated USD100 million for VIA's development. He further highlighted that the healthcare sector assistance aims to elevate medical services' quality across the Maldives' islands.

The event was attended by government dignitaries, representatives from the Saudi Embassy, and key figures from the SFD, marking a pivotal moment in advancing Maldives' infrastructure and public health services.