Today, the Saudi Fund for Development (SFD) (www.SFD.gov.sa) signed an agreement with the Government of Cameroon to finance the construction of the Mbalmayo Regional Hospital project with a soft development loan of $12 million. The agreement was signed by the Director General of SFD, Mr. Sultan bin Abdulrahman Al-Marshad, and the Minister of Economy, Planning and Regional Development of Cameroon, Alamin Ousmane May.
The financing agreement will allow the construction and equipment of a 200-bed hospital, as well as the development of specialized medical departments, centers and buildings with a total area of 14,000 m2. The project will also include an operational services area of up to 8,500 m2. The hospital will be fully furnished and equipped with electricity, water and sewage. The development plan also includes the rehabilitation of the road connecting the hospital to the national road to provide easy access to the hospital. The project will also include a helipad for emergency medical care.
The project is expected to serve thousands of people from the capital of Cameroon, as well as from neighboring towns and villages, providing access to quality health services. This will help to cope with chronic diseases and reduce the mortality rate. The hospital will also reduce overcrowding in hospitals in Yaounde and Douala.
The signing ceremony was attended by Mr. Abdulrahman Alzaben, Chargé d’affaires of the Embassy of the Kingdom of Saudi Arabia in the Republic of Cameroon, and several officials from both countries.
In his speech, SFD CEO Al Marshad confirmed that the project will be jointly financed by SFD, the Kuwait Fund for Arab Economic Development and the Arab Bank for Economic Development in Africa (BADEA) at a total cost of $38.8 million. Mr. Al Marshad reiterated that this project is a vital activity that will contribute to the social development of the Cameroonian people. The project will provide the necessary support to basic infrastructure services, allowing community members to access all their daily needs to improve social and economic living conditions.
Al Marshad expressed his appreciation for the efforts made by both countries for more than 40 years to achieve the Sustainable Development Goals (SDGs) of the United Nations. The project, he stressed, is of great importance to preserve the future of Cameroon and ensure the development of its fast-growing and prosperous sectors.
Minister May praised the important role played by the Government of the Kingdom of Saudi Arabia through the SFD in supporting development projects and improving the health sector in Cameroon. He emphasized the importance of developing the relationship with the Foundation over the past decades. The minister also stressed that the Mbalmayo Regional Hospital project will be of great importance to the people and communities of Cameroon, offering greater access to quality care and modern specialized medical centers.
The Government of the Kingdom of Saudi Arabia recognizes the importance of supporting development sectors in Cameroon through SFD-funded development projects and programs.
Since 1977, SFD has provided – in addition to this agreement – development loans to finance nine (9) projects in Cameroon worth US$109 million to promote growth and prosperity in infrastructure, water supply, transport, education and health to help achieve the Goals Sustainable Development Goals (SDGs) of the UN.
Distributed by APO Group on behalf of the Saudi Development Fund.
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