Saudi Fund for Development Marks the Completion of the $31 million Banjul International Airport Project in The Gambia
18.11.2021 15:09:00 EET | Business Wire | Press release
The Saudi Fund for Development (SFD) recently took part in an official inauguration ceremony to mark the completion of the Banjul International Airport Rehabilitation and Development Project in The Republic of The Gambia.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211118005743/en/
The Gambia Vice President and the CEO of the Saudi Fund for Development lay the foundation stone for the new airport’s VVIP lounge (Photo: AETOSWire)
The SFD supplied a loan worth $31 million to fund the project which will increase the airport’s operational capacity by 43%, enhancing trade and supporting economic growth.
In addition, the SFD has provided a further US$10.5 million loan to build a VVIP airport lounge which will provide facilities to host official delegations and international conferences. The foundation stone for the new VVIP lounge was laid during the official inauguration ceremony by the Gambia Vice President Dr Isatou Touray and the CEO of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Marshad.
The Gambia Vice President Dr Isatou Touray thanked the Kingdom of Saudi Arabia through the SFD for its commitment to sustainable infrastructure projects, including the development and expansion of Banjul International Airport, which will increase the living standards of two million people.
Sultan bin Abdul Rahman Al-Marshad said, “This is an important milestone in the growth and prosperity of The Gambia. The development of Banjul International Airport is an extension of the ongoing support provided by the Kingdom of Saudi Arabia to the Republic of The Gambia, which includes 14 development loans and five grants with a total value of US $215 million across transport, education, water, and economic development.
“This scheme is just one of over 20 projects the SFD has supported in the air transport sector around the world at a value of US$294 million, including the construction of runways, provision of engineering consultancy, and expansion of navigational services, aimed at stimulating sustainable economic and social growth.”
During his visit to The Gambia, the CEO of SFD will also lay a foundation stone for a major infrastructure project in the country’s capital, Banjul. The result of a financing agreement between SFD and the Government of The Gambia, the new roads project will have a budget of US$50 million. Covering over 50km, it will aim to reduce traffic congestion across the city.
*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/20211118005743/en/
Contact information
Randah Al-Hothali, 00966 11 2794448
ralhothali@sfd.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
Veracode Expands Industry-Leading Fix with AI-Powered SCA Remediation to Combat Software Supply Chain Risk18.3.2026 14:00:00 EET | Press release
RSA Conference (booth #435)--Veracode, the global leader in application risk management, today announced Veracode Fix for Software Composition Analysis (SCA), an AI-powered solution to address software supply chain risk. The enhanced automated remediation engine—the next evolution of Veracode’s industry-leading Fix solution—enables organizations to detect and remediate open-source vulnerabilities easily, before code reaches production. Designed to integrate seamlessly into existing developer workflows, it delivers third-party updates and first-party code refactoring without breaking builds or disrupting development. In 2025, software supply chain breaches accounted for 30 percent of external attacks. Meanwhile Veracode’s 2026 State of Software Security (SoSS) Report revealed 82 percent of organizations struggle with escalating security debt, largely due to open-source dependencies. Veracode Fix for SCA addresses both challenges directly. Leveraging deep, contextual analysis, the soluti
Bentley Systems Announces 2026 Year in Infrastructure Event and YII Awards Honoring the World’s Most Innovative Use of Infrastructure Engineering Software18.3.2026 14:00:00 EET | Press release
Bentley Systems, Incorporated (NASDAQ: BSY), the infrastructure engineering software company, today announced the opening of submissions for the Year in Infrastructure event and YII Awards program, which recognizes digital innovation in how infrastructure is designed, built, and operated using Bentley software. Submissions will be accepted through May 3, at 11:59 p.m. EDT. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318559906/en/ Bentley Systems announced the opening of submissions for the Year in Infrastructure event and YII Awards program, which recognizes digital innovation in how infrastructure is designed, built, and operated using Bentley software. Submissions will be accepted through May 3, at 11:59 p.m. EDT. (Image courtesy of Bentley Systems, with credit to PT. Wika Tirta Jaya Jatiluhur (WTJJ), Voyants Solutions Private Limited, EGIS, and Baosteel Engineering & Technology Group Co., Ltd.) “Originally, the Bent
Armis Appoints Simon Mouyal as Chief Marketing Officer18.3.2026 14:00:00 EET | Press release
Armis, the cyber exposure management & security company, today announced the appointment of Simon Mouyal as Chief Marketing Officer. In this role, Mouyal will oversee Armis’ global marketing strategy and execution to accelerate category leadership and demand for Armis Centrix™, the Armis Cyber Exposure Management Platform. During the next phase of Armis’ expansion, he will scale the global marketing organization and help further drive the company’s rapid growth and market penetration. “As we enter our next chapter of hyper-growth, I'm thrilled to have Simon joining our leadership team,” said Yevgeny Dibrov, CEO and Co-Founder of Armis. “Simon will be instrumental in modernizing our global marketing engine and solidifying Armis as the definitive leader in cyber exposure management. He's a category creator and has a proven track record of leading world-class marketing organizations. He will focus on deepening our engagement with customers and partners, and scale our demand generation pro
Americhem Appoints Kilian Lamprecht as Vice President of Mergers & Acquisitions to Accelerate Strategic Growth18.3.2026 13:00:00 EET | Press release
Americhem, a global leader in polymer solutions, today announced that Kilian Lamprecht has joined the company as Vice President of Mergers & Acquisitions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260317304976/en/ Kilian Lamprecht, Vice President of Mergers & Acquisitions, Americhem Lamprecht brings extensive experience in corporate development and integration within global industrial and technology organizations. He will work closely with Americhem’s executive leadership team and investment partner PPC to identify and execute strategic acquisitions, partnerships and portfolio investments that expand the company’s capabilities, product portfolio and geographic reach. “Americhem has a long history of disciplined growth and innovation in materials science,” said John Richard, CEO of Americhem. “With the support of PPC, we are expanding our ability to pursue strategic acquisitions that strengthen our technology platform, b
Reply Announces a Partnership With Mistral AI to Develop Sovereign and Enterprise-grade Artificial Intelligence Solutions18.3.2026 10:00:00 EET | Press release
Reply [EXM, STAR: REY] today announced a new partnership agreementwithAI leader Mistral AI aimed at accelerating the adoption of local, customisable, secure and enterprise-grade generative AI solutions at scale. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318232777/en/ Through this collaboration, Reply and Mistral AI provide a trusted and secure environment on European infrastructures, accelerating the adoption of advanced AI solutions while enabling organizations with stringent regulatory, privacy and data protection requirements to fully leverage generative AI. At the core of the collaboration is a shared vision of frontier AI, designed to enable organizations to adopt AI solutions while ensuring data control, protection of sensitive information, compliance with regulatory requirements and deployment on European infrastructures. By combining Mistral AI’s high-performance AI models with Reply’s expertise in designing
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