Friday, 24th September 2021

$50m loan for medical facilities granted by Saudi Arabia

Colombo, Sep 19 (BAN/ AD): On Wednesday Saudi Arabia has granted a concessional loan for establishing fully equipped faculty of medicine at the Sabaragamuwa University at Ratnapura.

Dr. Khaled Sulaiman Al-Khudairy vice chairman and MD of the Saudi Fund for Development (SFD) and secretary to the Ministry of Finance, Dr. R.H.S. Samaratunga signed the agreement.

The loan would be utilised to build infrastructure facilities and to provide undergraduates with state-of-the-art teaching and learning facilities (laboratory and other equipment) that will help provide them with a world-class medical education. Al-Harthy said that this is one of the several projects that is funded by the Saudi Fund for Development. The SFD has given SR1.4 billion to Sri Lanka as soft loans and grants since the 1980s, he said.

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