Saudi Fund for Development CEO Sultan Al-Marshad participated in the opening of the 33 KV Transmission Network of South Mahe Island Project in the Seychelles, in the presence of the country’s President Wavel Ramkalawan and Vice President Ahmed Afif, on Saturday.
The Saudi fund contributed a development loan worth $20 million, which aims to improve the electricity transmission network in the south of the island to ensure the quality of electrical energy, to enhance social infrastructure activities such as education and health, and to stimulate economic and commercial development.
In a post on X, Al-Marshad wrote that the project will bring “reliable and affordable electricity to thousands of households, while boosting the economy and creating jobs.” He added: “We wish the nation of Seychelles a prosperous future.”
