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Saudi Fund for Development, UK Join Forces to Advance Global Development

The Saudi Fund for Development (SFD) and UK’s Foreign, Commonwealth and Development Office (FCDO) signed in Riyadh on Monday a joint cooperation arrangement (JCA) to advance development and address policy issues of mutual concern. (SPA)
The Saudi Fund for Development (SFD) and UK’s Foreign, Commonwealth and Development Office (FCDO) signed in Riyadh on Monday a joint cooperation arrangement (JCA) to advance development and address policy issues of mutual concern. (SPA)
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Saudi Fund for Development, UK Join Forces to Advance Global Development

The Saudi Fund for Development (SFD) and UK’s Foreign, Commonwealth and Development Office (FCDO) signed in Riyadh on Monday a joint cooperation arrangement (JCA) to advance development and address policy issues of mutual concern. (SPA)
The Saudi Fund for Development (SFD) and UK’s Foreign, Commonwealth and Development Office (FCDO) signed in Riyadh on Monday a joint cooperation arrangement (JCA) to advance development and address policy issues of mutual concern. (SPA)

The Saudi Fund for Development (SFD) and UK’s Foreign, Commonwealth and Development Office (FCDO) signed in Riyadh on Monday a joint cooperation arrangement (JCA) to advance development and address policy issues of mutual concern.

The two parties will also focus on effectively delivering the international development agenda of their respective organizations, while strengthening their capacities to better respond to overseas development needs.

The goals and objectives outlined in JCA include providing support for the world’s poorest and most vulnerable people through improved donor coordination, enhanced transparency and aid accountability, and effective monitoring and evaluation.

Attending the signing ceremony, which took place on the sidelines of the second strategic dialogue on humanitarian assistance and international development at the King Salman Humanitarian Aid and Relief Center (KSrelief) headquarters, were KSrelief Supervisor General Dr. Abdullah Al Rabeeah, UK’s Deputy Foreign Secretary and Minister of State Rt Hon. Andrew Mitchell MP, and SFD CEO Sultan bin Abdulrahman Al-Marshad.

Mitchell said: “It is vitally important that we get the Sustainable Development Goals back on track by 2030; our collective commitment has waned in recent years, the time is now to turn the tide on this. Our partnership, and shared resolve, with our friends in Saudi Arabia is a welcome step that we must keep momentum on.”

Al-Marshad said: “We are pleased to embark on this JCA with the UK’s Foreign, Commonwealth and Development Office. This partnership is a strong reflection of our mutual dedication to strengthen the global development system.”

“We are hopeful that this partnership will help improve the lives of millions of people around the world and enhance the quality of life for those who most need it,” he added.

Since 1975, SFD has financed over 800 development projects and programs, worth over $20 billion, in over 100 developing countries. The programs and projects covered sectors such as transportation and communications, social infrastructure, agriculture, energy, industry and mining.

The fund has played a key role in helping to improve living standards, advance socio-economic development, and provide employment opportunities for millions of beneficiaries around the world.

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Egyptian Government Approves Formation of Higher Coordination Council with Saudi Arabia

The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)
The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)
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Egyptian Government Approves Formation of Higher Coordination Council with Saudi Arabia

The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)
The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)

In an effort to strengthen the partnership between Egypt and Saudi Arabia, the Egyptian government approved on Wednesday the establishment of a higher joint coordination council.

On September 10, 2024, Egyptian Foreign Minister Badr Abdel-Aty held a joint news conference with his Saudi counterpart, Prince Faisal bin Farhan, during which he announced that the two countries were in the final stages of launching the Egyptian-Saudi Higher Coordination Council, chaired by President Abdel Fattah El-Sisi and Saudi Crown Prince Mohammed bin Salman.

He emphasized that the council would serve as a comprehensive framework for deepening bilateral relations and fostering collaboration in politics, economics, trade, development, and investment, aligning with the interests of both nations’ peoples.

In its Wednesday session, Egypt’s Cabinet approved the decision to establish the council. According to a government statement, the body will seek to “intensify communication and enhance cooperation between Egypt and Saudi Arabia in areas of mutual interest.”

The council, as outlined by the statement, will include ministers and officials from both countries covering relevant sectors. It will convene regular meetings alternately in Egypt and Saudi Arabia, with provisions for extraordinary meetings as needed.

In remarks to Asharq Al-Awsat, Ayman Mohseb, deputy chairman of the Arab Affairs Committee in Egypt’s House of Representatives, said that the move reflects the advanced level of partnership between the two nations, describing the council as a “cornerstone for activating relations and expanding cooperation in various fields.”

“This step will significantly advance cooperation across diverse domains, driven by the political will of the two countries’ leaderships,” Mohsab said, adding that the new body would facilitate coordination between Cairo and Riyadh on a wide range of regional issues and areas of mutual interest.

During a meeting with Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan on Tuesday, El-Sisi reaffirmed Egypt’s “pride in its historic relations with Saudi Arabia, both at the leadership and popular levels, and across all sectors.”