Agreement Signing for the King Salman Hospital Project

Sultan Al-Marshad, CEO of the Saudi Fund for Development (SFD), signed an agreement with Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, in a ceremony held in Lusaka, the capital of Zambia. This agreement extends an additional development loan of $35 million, bringing the total funding for the King Salman Specialist Hospital to $135 million.

Features of the King Salman Specialist Hospital

The hospital, designed as an 800-bed specialized facility, focuses on gynecology and pediatric healthcare. It spans over 200,000 square meters, offering cutting-edge medical infrastructure and facilities to support advanced healthcare delivery in Zambia.

Impact on Healthcare in Zambia

The King Salman Specialist Hospital is expected to significantly enhance Zambia’s healthcare system by providing specialized medical services, training healthcare professionals, and improving the quality of healthcare. Additionally, the hospital will help reduce financial burdens for beneficiaries seeking medical care in the region.

Saudi Fund for Development's Role in Zambia

The Saudi Fund for Development has a long history of supporting Zambia since 1978, financing various development projects across critical sectors. To date, the SFD has contributed over $170 million, fostering social growth and economic prosperity in the country.

Strengthening Saudi-Zambian Ties

Sultan Al-Marshad and Dr. Situmbeko Musokotwane, accompanied by Saudi Ambassador to Zambia Ali Al-Qahtani, toured the hospital project site to inspect its progress. The project symbolizes the growing partnership between Saudi Arabia and Zambia, emphasizing shared goals of advancing healthcare infrastructure and enhancing quality of life.