Ethiopia’s Minister of Finance, Ahmed Shide, convened a strategic meeting with Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for Development, to reinforce bilateral development cooperation and explore new partnership opportunities.
The dialogue held on Wednesday, March 25, focused on assessing current projects supported by the Fund and identifying mechanisms to accelerate implementation.
The discussions provided a platform to review ongoing development programmes and evaluate progress on initiatives backed by the Saudi Fund. Both parties also examined financing avenues for Ethiopia’s forthcoming mega airport project, alongside planning the next steps for debt restructuring under the G20 Common Framework.
Minister Ahmed and CEO Al-Marshad highlighted priority sectors for future investment, underscoring a shared commitment to sustainable economic growth and strengthened development collaboration. Their exchange emphasised the need for innovative approaches to financing infrastructure and key national projects.
The meeting reaffirmed the enduring partnership between Ethiopia and the Saudi Fund for Development, signalling a readiness to pursue ambitious joint initiatives that will bolster the country’s economic trajectory. Officials concluded by pledging continued engagement to ensure effective execution of existing programmes while exploring new strategic avenues that align with both nations’ development objectives.