14 Nov 2018 00:00:00 AM Breaking News
Nearly Rs 1 million a month for Economic Development Board CEOMauritius signs three loan agreements with Saudi Fund for DevelopmentElectoral Reform : Discrimination against Minority Protection Vidur Ramdin: "Pursuing my African Dream"Does Rama Sithanen’s PhD student thesis on electoral systems make him an expert on electoral reform?Imran Khan's first goal: Dutch caricature contest cancelledEmirates to add fourth daily flight to RiyadhYoplait Mauritius DOES NOT contain GelatineMobile mosque to welcome Muslims to JapanL’Arabie Saoudite offre Rs 1,7 milliards pour l’hopital de FlacqPravind Jugnauth : « mo pou veiller a ceki tou communaute so droit respecterBest Loser System Introduced to Protect Minorities Pravind Jugnauth assiste a l'Iftaar au Gymkhana Hall, Port LouisPravind Jugnauth partage l’iftaar avec les fidèles de l’Al-Madinah de TrioletHajj 2018 : Soodhun fait baisser le coût du billet d’avionDr Ameenah Gurib-Fakim among 70 of the Most Inspirational Women Leaders Impacting the World in 2018Une équipe de football Pakistanaise en visite à Maurice Pravind Jugnauth : « l’histoir enn zur pou ekrir lor ceki noun fer… »Interdiction de porter le tika dans un hotel: Nivedita Nathoo et la Hindu Human Rights montent au créneauSBM: les gagnants du Concours National de Peinture récompensésSaudi doctors offer free medical check up at Vacoas Phoenix Town HallLa Citizen Support Unit: 24 529 cas résolus en une année8eme cérémonie de remise de chèques par la Mauritius Telecom Foundation à neuf organisations non-gouvernementales à RodriguesPromoting the Mauritius International Financial Centre in the GulfCelebrating 50 years of economic progress and developmentMauritian Diaspora in UK celebrates Golden Jubilee of our IndependenceRafic Soormally honoured at Mauritian Achiever’s Award (UK) 2018Saudi doctors offer free medical check up in Port Louis and VacoasAlitalia de retour a l'ile Maurice apres 20 ansDr Ameenah Gurib Fakim Chief Guest at the 7th edition of Sharjah's International Government Communication Forum (IGCF)Les crochets de Sparkling Angel

Mauritius signs three loan agreements with Saudi Fund for Development


Three loan agreements were signed between Mauritius and the Saudi Fund for Development (SFFD) this afternoon in Port Louis.

Signatories were the Financial Secretary, Mr Dharam Dev Manraj and the Vice Chairman and Managing Director of Saudi Fund for Development (SFFD), H.E Dr Khalid S. Alkhudairy.

The Vice Chairman and Managing Director of SFFD, H.E Dr Khalid S. Alkhudairy, is leading a delegation comprising the Director General of the Legal Department of SFFD, Mr Mohammed A. Al-Jenaidel and the Director of the Public Relations Department of SFFD, Mr Faisal S. Al Khashaiban.

The loan agreements make provision for financing the construction of three priority projects which are namely the New Cancer Hospital, Social Housing Units and the Multi Sports Complex and will contribute to the development of the country as well as enhancing the quality of life of the population.

 

Cancer Hospital Project

 

The SSFD is extending a concessional loan to Mauritius for the Cancer Hospital Project to the tune of USD 25 million. The project will help to detect cancer at an early stage and will thus provide the necessary treatments with a view to saving more lives.

 

·         Loan period           :        20 years

·         Repayment period  :        15 years

·         Grace period                   :        5 years

·         Interest rate          :        1 percent per annum

·         Service fee            :        No fee

·         Commitment fee    :        No fee

 

 

Social Housing Project

 

A concessional loan of USD 50 million is being provided by the SFFD for the social housing project to construct some 1050 decent social housing units for the needy class of the population.

 

·         Loan period           :        20 years

·         Repayment period  :        15 years

·         Grace period                   :        5 years

·         Interest rate          :        1 percent per annum

·         Service fee            :        No fee

·         Commitment fee    :        No fee

 

 

 

Multi Sports Complex Project

 

A concessional loan to the tune of USD 25 million is being provided for the Multi Sports Complex project in line to promote the country as a recognised pole of excellence in sports in the Indian Ocean.

 

·         Loan period           :        20 years

·         Repayment period  :        15 years

·         Grace period                   :        5 years

·         Interest rate          :        1 percent per annum

·         Service fee            :        No fee

·         Commitment fee    :        No fee

 



(Library picture)


Khalid Bin Sulaiman Alkhudairy, Vice President and Managing Director of Saudi Fund for Development.



He has been serving as Executive Director at the Board of the World Bank Group, representing Saudi Arabia (EDS22), since November 1, 2014.

Prior to joining the Bank as an Advisor in 2009, he served the government of Saudi Arabia in various capacities. Mr. Alkhudairy held the position of Economic Advisor in the Division of International Organizations and Financial Institutions, Ministry of Finance (2008 to 2009); Economist (2002 - 2004), and Accounts Analyst (1993 - 2000) in the Division of Economic Affairs, Ministry of Finance and National Economy. Furthermore, Mr. Alkhudairy was a teaching instructor at the Colorado State University, US (2006 - 2007). From 1989 to 1993, he worked as an accountant and as an auditor in the Grain Silos and Flour Mills Organization in Riyadh, Saudi Arabia.

In addition to a PhD in Economics, Mr. Alkhudairy also received a M.A. in Economics from the Colorado State University. He also holds a B.S. in Accounting from the Administration Science College of the King Saud University in Riyadh, Saudi Arabia