The Saudi Fund for Development (SFD) has signed a memorandum of understanding (MoU) with Italy’s National Promotional Institution, Cassa Depositi e Prestiti (CDP) to strengthen bilateral cooperation.
The MoU was signed by SFD’s CEO Sultan bin Abdulrahman Al-Marshad and CDP’s Dario Scannapieco, the Saudi Press Agency reported.
The agreement aims at boosting cooperation in social and economic development and fostering knowledge exchange between both countries.
Therefore, it represents a significant step to accelerate the growth of development sectors and fulfill the sustainable development goals (SDGs).
Through such objectives, the deal will further strengthen the global development efforts, promote best practices in joint financing, as well as achieve the prosperity and welfare of developing countries.
It is worth noting that the Saudi Minister of Investment, Eng. Khalid Al-Falih, attended the signing ceremony on Sunday.
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