Saudi Arabia to provide concessional loan of SAR 187.5 million for fully equipped medical faculty at Sabaragamuwa Uni

The Saudi Arabian government has agreed to provide a concessional loan of 187.5 Million Saudi Riyal (SAR) for a project to establish a fully equipped Faculty of Medicine in the Sabaragamuwa University at Ratnapura.

According to a Finance Ministry statement this project is to be launched with the aim of constructing the essentially needed infrastructure facilities and to provide students with  state of the art teaching and learning facilities (laboratory and other equipment) at the Faculty of Medicine at the Sabaragamuwa University of Sri Lanka.

A delegation headed by Secretary to the Ministry of Finance Dr. R.H.S. Samratunga with Secretary to Ministry of Higher Education Mr.Priyantha Mayadunne and the Director general of the External resources Dept Mr. Priyantha Rathnayake recently visited Riyadh, Kingdom of Saudi Arabia from  April 6-9, 2019 for negotiation in this regard.

They held discussions with the delegation of Saudi Fund for Development headed by Mr. Mohammed Aldolailan, Acting Director General, Operations Department and Advisor to the SFD, Mr. Alobaid, Bandar Abdullah O., Engineer (Project Manager) and the Mr. Alrashed, Mohammad Abdullah M. , Engineer (Project Manager)  (Photograph attached)

The negotiations were successfully concluded to obtain a concessional loan of SAR 187.5 Million from the Saudi Fund for Development (SFD), the statement said.