The Saudi Fund for Development (SFD) has announced its first foray into Serbia by signing three development loan agreements valued at $205 million. These agreements, aimed at boosting the agriculture, education, and energy sectors, mark the beginning of SFD's presence in the country and are part of a broader effort to support Serbia's long-term socioeconomic growth. The agreements, signed by Sultan Al-Marshad, CEO of SFD, and Siniša Mali, Serbia's Deputy Prime Minister and Minister of Finance, were celebrated in the presence of Ali Aldossary, Deputy Ambassador of Saudi Arabia to Bosnia & Herzegovina. The projects will fund critical developments such as strengthening irrigation systems, constructing a pioneering biotechnologies campus, and enhancing the country's energy infrastructure. This strategic partnership is set to create jobs, improve water management, foster innovation in scientific research, and bolster Serbia's power supply, positioning the country for greater integration into the European electricity market. — SG
