
Saudi Fund for Development signs two development loan agreements to support social infrastructure in Bosnia and Herzegovina
The Peninsula
Sarajevo: The Saudi Fund for Development (SFD) signed Monday two development loan agreements worth $32 million to support social infrastructure in Bos...
Sarajevo: The Saudi Fund for Development (SFD) signed Monday two development loan agreements worth $32 million to support social infrastructure in Bosnia and Herzegovina.
The loan agreements were co-signed by CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al Murshid, and Minister of Finance and Treasury, Srdan Amidzic, on behalf of Bosnia and Herzegovina.
The purpose of the two loans is to finance the construction of a science and technology park worth $19 million, and the construction and furnishing of student housing at the Borisa Starovic Public Institution in Foca worth $13 million.
The Science and Technology Park project aims to establish a multidisciplinary scientific center with a total area of approximately 200 thousand square meters to develop technical fields, advance economic development, healthcare, and the growth of higher education.
The center also brings together researchers, scientists, and businessmen from various fields.













