Saudi Fund for Development Breaks Ground for the Library of the University of Sarajevo
1.8.2023 15:15:00 EEST | Business Wire | Press release
The Saudi Fund for Development (SFD) Board of Directors Chairman, H.E. Ahmed Al-Khateeb, laid the foundation stone, to kick off the construction and equipping of the new library in the University of Sarajevo, funded through a generous $22 million grant provided by the Kingdom of Saudi Arabia, through SFD.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801896795/en/
Image showcasing the groundbreaking ceremony of the Library of the University of Sarajevo (Photo: AETOSWire)
The new library will act as a central hub to connect the university’s 28 sub-libraries and will contribute towards enhancing its educational and research capabilities. With a total area of 13,590 square meters, it will be equipped with the latest technology and digital learning tools, helping to future-proof the university, and allowing it to better meet the needs of its students. In total, more than 22,000 male and female students will benefit from the new library, alongside 1,618 staff and faculty members, and 10,000 external beneficiaries.
Additionally, the library will play a key role in supporting the advancement of the university’s research and innovation capabilities. It will also contribute towards realizing the UN Sustainable Development Goals, specifically SDG 4, Quality Education, and SDG 10, Reduced Inequalities.
On this occasion, the SFD Board of Directors Chairman, H.E. Ahmed Al-Khateeb, stressed that this project is a testament to the collaborative relationship between both countries, stating: "This project reflects the strong and lasting developmental ties between the Kingdom of Saudi Arabia and Bosnia and Herzegovina, which began three decades ago. We are confident that the new library will help meet the needs of both male and female students at the University of Sarajevo, and the surrounding community. “
The Prime Minister of Sarajevo Canton, Mr. Nihad Uk, stated in his address: "The building for which we are laying the foundation stone today is significant because it will also be the most visible bridge of friendship between Kingdom of Saudi Arabia and Bosnia and Herzegovina. We are grateful to Saudi Arabia for this investment. The library is a symbol of knowledge, cultural upliftment, communication, and I believe that our cooperation and friendship will develop precisely in these directions in the future".
During the past three decades, SFD has helped to fund 11 projects and development programs in various regions of Bosnia and Herzegovina, through soft development loans worth a total of $185 million.
*Source: AETOSWire
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230801896795/en/
Contact information
Nawaf Alojrush, +966506110244
alojrush@sep.gov.sa
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
BTG Pactual Timberland Investment Group Raises US$1.24 Billion for Largest Reforestation Fund to Date[1]28.4.2026 18:00:00 EEST | Press release
BTG Pactual Timberland Investment Group (BTG Pactual TIG), one of the world’s largest timberland managers, today announced the close of fundraising for its Latin American Reforestation Strategy, reaching US$1.24 billion in commitments. This represents the largest reforestation fund closed to date,1 providing a model for large-scale reforestation and restoration that seeks to deliver durable climate impact, tangible benefits for rural communities, biodiversity outcomes, and sustainable commercial production. Global environmental organization Conservation International serves as Impact Adviser to the strategy, providing input and advice to help strengthen environmental, climate, and social outcomes related to the strategy’s conservation and restoration activities. Together, BTG Pactual TIG and Conservation International are advancing an approach that aims to conserve, restore, and reforest approximately 660,000 acres of degraded landscapes in Latin America. The approach blends commercial
Qatar Implements Relief Measures to Support Business Community28.4.2026 17:56:00 EEST | Press release
Qatar has activated a comprehensive package of support measures designed to maintain market stability and reinforce investor confidence amid evolving regional conditions. These measures, delivered through the nation’s foreign direct investment ecosystem, provide immediate financial, regulatory and operational relief to Qatar’s international business community. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428904909/en/ Infographic highlights key relief measures implemented in Qatar to support the business community (Infographic: AETOSWire) H.E. Sheikh Faisal bin Thani Al Thani, Minister of Commerce and Industry and Chairman of Invest Qatar, stated: “Qatar’s commitment to its business community is unwavering. As regional conditions continue to evolve, we remain fully focused on acting decisively to support companies operating in our market, safeguard business continuity and reinforce confidence. Our approach is grounded i
Dubai’s Medcare Hospital Becomes the World’s First to Treat an Adult Spinal Muscular Atrophy (SMA) Patient Outside the US28.4.2026 16:57:00 EEST | Press release
Medcare Royal Speciality Hospital (MRSH) in Dubai has become the world’s first hospital outside the USA, to offer a newly licensed intrathecal gene therapy - Itvisma, to adult patients with Spinal Muscular Atrophy (SMA). This one-time treatment was recently administered to a 22-year-old Egyptian patient, who was diagnosed at 18 months and confined to a wheelchair for most of his life. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428038416/en/ Dr. Vivek Mundada with Medcare multidisciplinary medical team (Photo: AETOSWire) Last year, Medcare also became the first healthcare provider globally to administer the newly licensed Itvisma to a four-year-old international SMA patient. SMA is a rare neuromuscular disease that leads to progressive muscle weakness and loss of mobility, impacting movement, breathing, and swallowing. Until now, advancements in gene therapy for SMA were primarily restricted to children under the age o
Perpetual Atomics and QSA Global Fuel the World’s First Americium-Powered Radioisotope Heater Unit Core28.4.2026 16:48:00 EEST | Press release
In a landmark achievement for international space exploration, Perpetual Atomics, QSA Global, Inc. and the University of Leicester have completed the first historical production of an Americium-fuelled Radioisotope Heater Unit (RHU) full scale core containing ceramic form americium-241 pellets in a metal containment structure. This breakthrough builds on the successful americium pelleting work in late 2025 and on two decades of experience in leading the development of americium space nuclear power systems by the Leicester team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428027123/en/ QSA Global and Perpetual Atomics Team Born out of ENDURE, a European Space Agency (ESA) project, and part of a transatlantic collaboration, this achievement provides the steppingstones for an industrial pathway to deliver radioisotope power systems for spacecraft enabling these to survive and thrive in the most extreme environments in the
Alipay Launches AI Payment Processing Product to Help Businesses and OPCs Thrive in the Agentic Economy28.4.2026 16:47:00 EEST | Press release
Alipay today launched a new AI payment processing product that enables businesses, large and small, including One Person Companies (OPCs) in the Chinese mainland, to receive payments seamlessly when autonomous AI agents, including OpenClaw-type agents, purchase their services. This new product is being launched as AI agents are increasingly executing tasks on behalf of users, from booking travel and comparing prices, to allocating computing power and buying tokens. The product is available on Alipay’s website (https://aipay.alipay.com/). With Alipay’s AI payment processing product, small and medium-sized businesses do not need to build complex payment or settlement systems. By simply onboarding their monetizable services, businesses can reach more customers and receive payment each time an AI agent purchases their service. Bocha, an AI-powered search tool offering web search support for AI applications including DeepSeek, has already adopted Alipay’s AI payment processing product, tran
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom