Saudi Fund for Development Signs USD 75 Million Agreement to Strengthen Regional Connectivity in Cameroon
Written by: Karren Save to Instapaper
The Saudi Fund for Development (SFD) has signed a development loan agreement with the Republic of Cameroon to finance the rehabilitation of the Sorawel-Dourbeye Road.
The project aligns with Cameroon’s National Development Strategy 2030 and reflects SFD’s commitment to sustainable, people-centred development.
The agreement was signed by H.E. Sultan Abdulrahman Al Marshad, CEO of the Saudi Fund for Development, and H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development of the Republic of Cameroon, in the presence of the Saudi Ambassador to the Republic of Cameroon, H.E. Ibrahim Al-Ghamdi, and representatives from both sides.
H.E Alamine Ousmane Mey, the Minister of Economy, Planning and Regional Development, said:
“On behalf of the Government of Cameroon, we express our deep appreciation to the Saudi Fund for Development for its continued support to Cameroon’s structural projects.”
Investment In Strategic Infrastructure
Under the agreement, SFD will provide USD 75 million to support the rehabilitation of a key road corridor.
The project will reduce isolation, strengthen connectivity, and facilitate regional trade with neighboring countries, including Nigeria and Chad, while improving access to essential services.
H.E. Sultan Abdulrahman Al Marshad, CEO of SFD, said:
“This agreement reflects SFD’s commitment to supporting development that improves people’s daily lives and creates long-term opportunity. By enhancing connectivity, expanding access to essential services, and supporting regional trade, the project will contribute to sustainable development in Cameroon and the wider region.”
Driving Economic Growth And Regional Integration
The project will improve access to markets, healthcare, and education for local communities.
It will also support regional trade and economic integration, contributing to long-term growth.
A Longstanding Development Partnership
SFD’s partnership with the Republic of Cameroon goes back more than 40 years.
Since then, the Fund has supported 10 development projects totaling more than USD 180 million across key sectors, including infrastructure, education, and healthcare.
Across Africa, SFD has supported 458 projects in 47 countries, reinforcing its role as a long-term development partner.
Get new press articles by email
AETOSWire distributes your news swiftly across your target audiences to every corner of the world with the latest state-of-the-art technology and innovative solutions that give you the competitive edge you need to get ahead of the competition.
Latest from
- Mastercard launches Priceless Africa on Priceless.com, unlocking a curated travel experience across nine iconic destinations
- Dubai Chamber of Commerce organises 1,460 B2B meetings during trade missions to Africa
- Inteleos Foundation Announces 2026 MedMissions Award to Advance Maternal Health Ultrasound Access in Five Africa Nations
- Morocco’s FRMF Welcomes CAF Appeal Board as Upholding Rules, Stability of International Competitions
- Royal Moroccan Football Federation acknowledges decision rendered by the CAF Appeals Committee
- Jorge M. Pérez Collection Explores African Diaspora in ‘Améfrica’ at Spain’s CAAC
- Daimler Truck Middle East Africa Sets Performance and Excellence Benchmarks in Commercial Vehicles
- Xsolla Supports Release of “State of the African Video Game Industry 2026” Report
- Mastercard Boosts Africa Acceptance Network by 45% in 2025, Accelerating the Continent’s Digital Economy
- Xsolla Integrates SPENN in Rwanda and Zambia Giving Developers Access to a Strong Consumer-Merchant Ecosystem
- Xsolla Integrates MVola as a Payment Method to Enable Instant, Card-Free Payments for Gamers in Madagascar’s Mobile-First Market
- Guinea Emerges as West Africa's New Digital Transformation Powerhouse
- Mastercard unveils new perks under “The Mastercard Collection” across Eastern Europe, Middle East and Africa
- Lyvely Becomes the First Social Monetization Platform Integrated with M-Pesa, Powering Africa’s Youth Creator & Freelancer Economy
- Credit Benchmark Appoints Kuveshen Chetty as Acting Head of Africa
The Pulse Latest Articles
- The Real Ai: How African Ingenuity Drives Growth And Distinguishes The Continent’s Logistics Sector (June 25, 2026)
- Sotru Launches To Stop Supplier Fraud At The Moment Of Payment (June 23, 2026)
- The Death Of The Dinner Party? Why South Africans Are Choosing Convenience Over Traditional Entertaining (June 23, 2026)
- Wildbeest Media Launches 2026 Tourism Marketing Campaign Service For South African Travel Brands (June 22, 2026)
- Opinion Piece: The Chair Is Not The Person: A Ceo’s Hardest Leadership Lesson (June 22, 2026)