{"id":50501,"date":"2023-11-16T22:29:17","date_gmt":"2023-11-16T22:29:17","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects"},"modified":"2023-11-16T22:50:27","modified_gmt":"2023-11-16T22:50:27","slug":"mozambique-secures-us158m-from-saudi-development-fund-for-three-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects","title":{"rendered":"Mozambique secures US$158M from Saudi Development Fund for three projects"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The Government of Mozambique and the Saudi Development Fund (FSD) last week signed a set of public infrastructure financing agreements worth US$158 million.<\/p>\n<p>The agreements were signed in Riyadh, the capital of Saudi Arabia, between the Minister of Economy and Finance of Mozambique, Max Tonela, and the CEO of the FSD, Sultan Abdulrahman Al-Marshad.<\/p>\n<p>The amount will be applied to three projects included in the Government\u2019s Five-Year Plan 2020-2024: the construction and equipping of five district hospitals, a dam in Muera, Cabo Delgado, and the rehabilitation of two sections of National Highway Number One ( N1).<\/p>\n<p>The five hospitals, falling within the scope of the presidential \u201cOne District, One Hospital\u201d initiative, will be situated in Chimbonila, in Niassa province, Ribaue\u0300 (Nampula), Molumbo (Zambe\u0301zia), Vandu\u0301zi (Manica) and Limpopo (Gaza).<\/p>\n<p>The construction of a dam in Muera will help mitigate chronic water scarcity in the districts of Mueda, Muidumbe and Nangade, in Cabo Delgado province.<\/p>\n<p>Max Tonela indicated that the government sees the mobilisation of financing for infrastructure projects in Mozambique as a priority. \u201cThis agreement ensures new investments that not only increase the well-being of the population, but also boost economic development, building a solid foundation for the country\u2019s future,\u201d he added.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The Government of Mozambique and the Saudi Development Fund (FSD) last week signed a set of public infrastructure financing agreements worth US$158 million. The agreements were signed in Riyadh, the capital of Saudi Arabia, between the Minister of Economy and Finance of Mozambique, Max Tonela, and the CEO of the FSD, Sultan [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":50499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-50501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mozambique secures US$158M from Saudi Development Fund for three projects - Mozambique<\/title>\n<meta name=\"description\" content=\"The Government of Mozambique and the Saudi Development Fund (FSD) last week signed a set of public infrastructure financ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique secures US$158M from Saudi Development Fund for three projects\" \/>\n<meta property=\"og:description\" content=\"The Government of Mozambique and the Saudi Development Fund (FSD) last week signed a set of public infrastructure financ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T22:29:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-16T22:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1700162268.223759.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique secures US$158M from Saudi Development Fund for three projects\",\"datePublished\":\"2023-11-16T22:29:17+00:00\",\"dateModified\":\"2023-11-16T22:50:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1700162268.223759.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-secures-us158m-from-saudi-development-fund-for-three-projects\",\"name\":\"Mozambique secures US$158M from Saudi Development Fund for three projects - 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