On Saturday November 11, Tajik President Emomali Rahmon met in Riyadh, Saudi Arabia with the Chief Executive Officer of the Saudi Fund for Development (SFD) Sultan Abdulrahman Al-Marshad, according to the Tajik president’s official website.

In the course of the talks that took place on the sidelines of the Joint Arab-Islamic Extraordinary Summit, Tajik leader expressed satisfaction with the current state of beneficial cooperation with the Saudi Fund for Development, and the need for its continuation to finance important projects of the Tajik economy was emphasized.

Constructive views were reportedly expressed regarding the participation of the Saudi Fund for Development in the implementation of large hydropower projects of Tajikistan, especially the Roghun hydroelectric power plant, support and assistance in financing its construction.

Also, the continuation of effective cooperation between Tajikistan and the Saudi Fund for Development in the construction of social facilities, including facilities in the field of education and health in Tajikistan, was emphasized.

The parties reportedly showed readiness and motivation to continue effective cooperation in the priority areas of the national economy, including trade, investment and entrepreneurship.

It was assured that cooperation between Tajikistan and the Saudi Fund for Development will continue to expand significantly.

The Saudi Fund for Development (SFD) is a Saudi Arabian government agency that provides development assistance to developing countries by financing social and infrastructure projects. The Fund reportedly seeks to support the economies of recipient countries by enhancing economic growth and promoting job opportunities. SFD was established in 1974 and began operations in 1975. SFD's activities include development, finance, trade, and funding.