Saudi Fund for Development Signs Development Loan Agreement to Support Transportation Sector in Bahamas

The Saudi Fund for Development (SFFD) signed Monday with the Airport Authority of the Commonwealth of the Bahamas a soft development loan agreement worth $ 55 million to finance the development project of North Eleuthera International Airport. The project aims to increase the operational capacity of the airport to increase the number of passengers to reach 700,000 passengers annually, in addition to enhancing economic activities and trade exchange through the transportation sector, and providing direct and indirect job opportunities. The SFFD has provided support to finance two development projects in the Bahamas since 2023, through soft development loans with a total value of 80 million dollars, to contribute to strengthening the transportation and social infrastructure sectors. Source: Qatar News Agency