This archive report was first published on 30 October 2019.
Saudi Fund to Invest in Kenya's Big Four Agenda ¶
On October 29, 2019, the Saudi Fund for Development (SFD) announced its intention to invest in Kenya's Big Four Agenda, a set of priority projects aimed at transforming the country's economy.
The announcement was made during a meeting between Treasury Cabinet Secretary Ukur Yatani and the vice chairman and managing director of SFD, Khalid Bin Sulaiman Alkhudairy, on the sidelines of the Future Investment Initiative in Riyadh, Saudi Arabia.
According to Alkhudairy, the Saudi Fund is keen on investing in Kenya's affordable housing projects, in addition to power, roads, and education, where it has already invested.
Alkhudairy praised Kenya's improvement in the ease of doing business index, from position 61 in 2018 to 57 in 2019, and expressed the Saudi Fund's readiness to engage more in Kenya's economy.
He stated,
