Cuba and Saudi Arabia signed a memorandum to expand cooperation

Cuba and Saudi Arabia flags

Havana, Dec 25 (Prensa Latina) Representatives of Cuba and Saudi Arabia signed a memorandum of understanding to expand and consolidate cooperation relations, local press reported today.
In the context of a visit by a delegation from the Saudi Fund for Development (SFD), Cuban Deputy Prime Minister Ricardo Cabrisas and Saudi ambassador in Havana, Faisal bin Falah Al Harbi, signed the document.
According to the portal of the Foreign Ministry here, the members of the SFD, led by its General Director for Operations in Asia, Saud Ayid Al-Shammari, will carry out a tour of the greater island of the Antilles from 21 to 28 of this month. Its presence has the objective of following up on socio-economic projects in which the Saudi Fund is contributing.
Regarding this visit, in addition to the signing of the MoU on financing current bilateral projects, the delegation will inaugurate the finished project of the rehabilitation of water supply and sanitation in the city of Camagüey, in central Cuba.
The foreign delegation's agenda also includes exchanges with officials from the Ministries of Public Health, Foreign Trade and Investment, the National Institute of Hydraulic Resources, as well as with executives from the Office of the Historian of the City of Havana and provincial authorities.
In the same way, they will review cooperation projects carried out in Havana, Camagüey and the city of Cárdenas, in the western province of Matanzas.
The SFD began its activities in 1974, with the objective of participating in the financing of projects in developing countries by granting loans to these nations.
This institution maintains ties with Cuba since 2010, which allowed the signing and execution of several initiatives.
According to Granma newspaper, this cooperation gave impetus to infrastructure improvements with high social impact in the areas of health, hydraulic networks, housing and social works.

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