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21:58 GMT
Rabat – Mauritania and the Saudi fund for Development (SFD) are exploring expanded collaboration on key development projects, announced Monday following discussions between Mauritanian Prime Minister Mukhtar Ould Ajay and SFD CEO Sultan Al-Murshid in Nouakchott. The talks focused on bolstering economic development and securing financing for Mauritania’s priority initiatives.
This renewed commitment to partnership arrives as Mauritania seeks to accelerate its economic growth and diversify its funding sources. Enhanced cooperation with the SFD promises to provide critical financial support for projects aligned with Mauritania’s national development agenda, perhaps impacting sectors ranging from infrastructure to social programs. The discussions represent a deepening of the strategic relationship between the two nations, signaling a mutual desire to strengthen ties in the realms of finance and development.
According to a statement released by the Mauritanian Prime Minister’s office, Ould ajay emphasized the potential for “opening new horizons for partnership” in economic development.Both countries expressed a strong interest in furthering their collaboration and supporting projects vital to Mauritania’s economic advancement,as reported by the Kuwait News Agency (KUNA).
