This archive report was first published on 29 October 2019.
On October 29, 2019, the Saudi Fund for Development (SFD) announced its intention to invest in Kenya's Big Four projects, a key initiative aimed at transforming the country's economy.
The SFD, led by Vice President and Managing Director Dr. Khalid Bin Sulaiman Alkhudairy, has already invested in power, roads, and education in Kenya and is now keen on investing in affordable housing projects.
During a meeting with Treasury Cabinet Secretary Ukur Yattani, Alkhudairy expressed the SFD's appreciation for Kenya's steady improvement in the ease of doing business index and its desire to increase its portfolio in the country.
“Kenya's improvement in the ease of doing business ranking is a reflection of the level of attention to make the trading environment better. We are ready to engage more and when we move we do not move alone. We will bring along our partners especially the Arab financial institutions,” said Mr. Alkhudairy.
Yattani encouraged the SFD to dedicate more funds for the whole spectrum of the Big Four Agenda, including food security, manufacturing, and universal health coverage.
The meeting took place on the sidelines of the Future Investment Initiative, a global financial conference in Riyadh, Saudi Arabia, where President Uhuru Kenyatta was a keynote speaker.
