Saudi Fund for Development (SFD) Archives

Browsing: Saudi Fund for Development (SFD)

Kenya's population has grown by 9.9 million people over the last ten years to reach 47.6 million. President Kenyatta says the current census results will guide successful planning and implementation of government development initiatives, including the Big Four Agenda.

Boost for Kenya as Saudi Fund supports Big 4

Kenya October 30, 2019

The Saudi Fund for Development (SFD) has agreed to invest in Kenya’s Big Four projects, a boost to President Uhuru Kenyatta’s ambitious plan.

Investment by the fund will go a long way in helping realization of the Big 4 which incorporates revamping manufacturing sector, providing affordable housing, universal health care and food security for Kenyans.

READ ALSO:World Bank affirms support for Kenya’s Big 4

The SFD has undertaken to rally similar organisations in the Middle East to invest in Kenya’s economy.

The announcement was made in a meeting between Treasury Cabinet Secretary Ukur Yattani and the Vice President and Managing Director of SFD, Dr Khalid Bin Sulaiman Alkhudairy.

Mr Alkhudairy said the Saudi Fund was keen in investing in Kenya’s affordable housing projects besides power, roads and education where it has already invested.