MoU signed with Saudi Fund

A Memorandum of Understanding has been signed today between the Government of Maldives and the Saudi Fund for Development, at a ceremony held at the President’s Office this afternoon. 

The agreement was signed as part of the current visit by the Interior Minister of Saudi Arabia Prince Abdulaziz bin Saud bin Nayef. 

The agreement signed today was the Memorandum of Understanding between the Saudi Fund for Development and the Government of the Republic of Maldives, regarding Saudi Fund’s participation in the Financing of Affordable Housing Scheme Project, and the Development of Fisheries Sector Project. 

The agreement was signed by Minister of Finance and Treasury, Ahmed Munawwar and the Chairman of the Board of Directors of the Saudi Fund for Development, Ahmed bin Ageel Al Khatheeb. 

President Abdulla Yameen Abdul Gayoom and the Interior Minister of Saudi Arabia Prince Abdulaziz bin Saud bin Nayef witnessed the signing ceremony. 

Prior to the agreement signing, President Yameen and the Interior Minister of Saudi Arabia had a one-to-one meeting at the President’s Office. 

The Interior Minister of Saudi Arabia will be concluding his visit to the Maldives this evening.