Tag: Saudi Fund

Addu City to receive 100-bed hospital from Saudi Fund and OFID: Health Ministry

A 100-bed hospital is to be built in Addu City later this year, the Health Ministry has announced.

The ministry’s Director General of Health Services Dr Sheeza Ali told local media that there are to be more planned projects to be conducted with the help of international aid this year.

“One thing we are working on right now is to establish a 100-bed Hospital in Addu Atoll. The funds have been approved, but a lot of work needs to be done before the project can begin. We are now working on that,” Sheeza was quoted as saying in local media.

According to the Health Ministry, the Addu City hospital project is to be carried out with financial support from the Saudi Fund and the OPEC fund for International Development (OFID).

Local media reported that the hospital project could not begin until certain conditions proposed by both the Saudi Fund and OFID were met.

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Saudi Fund gives US$12.5 million to Hithadhoo hospital

A US$12.5 million (Rf192.7 million) has been given to develop Hithadhoo Regional Hospital in Addu by the Saudi Fund for Development.

Finance Minister Ahmed Inaz and Saudi Fund’s Vice Chairman and Managing Director Yousef Ibrahim Al-Bassam signed the agreement yesterday. Health Minister Dr Aminath Jameel and Islamic Minister Dr Abdul Majeed Abdul Bari were in attendance.

The loan carries a one percent interest rate and a five year grace period. It is expected to be repaid within 20 years.

The project, which will be supported by loans from the Saudi Fund and the OPEC Fund, has not yet been opened for bidding.

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