President Irfaan Ali Sunday hosted a breakfast meeting with visiting Saudi Fund for Development Chief Executive Officer (CEO), His Excellency Sultan A. AlMarshad and team at State House. The Saudi team arrived in Guyana last Saturday and will be signing two major loan agreements with the Government of Guyana, namely the Infrastructure Development Works for the Housing Sector Project and the Construction of the Wismar Bridge Project.
According to a release from the Office of the President, these agreements are to be signed today and are a follow-up to the May 12 last signing of a Memorandum of Understanding (MOU) between the Government and the Saudi Fund for Development’s CEO regarding the Saudi Fund’s Participation in the Financing of these Development Projects totalling US$150 Million.
The Saudi team is in Guyana on a three-day visit.
