Saudi’s SFD signs financing agreement for Hospital Project in Cameroon

By Arya M Nair, Official Reporter
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Mr. Sultan bin Abdulrahman Al-Marshad & Mr. Alamine Ousmane Mey at the agreement signing ceremony

The Saudi Fund for Development (SFD) has signed an agreement with the Cameroonian Government to finance the construction of the Mbalmayo Regional Hospital Project in the Central African Country Cameroon, with the provision of a soft development loan amounting to $12 million.

The agreement was signed by SFD’s CEO, Mr. Sultan bin Abdulrahman Al-Marshad, and the Cameroonian Minister of Economy, Planning, and Regional Development, Mr. Alamine Ousmane Mey.

The financing agreement will help to build and equip the hospital with a capacity of 200 medical beds and develop specialized medical departments, centers, and buildings spanning a total area of 14,000 square meters. The project will also include an area for operational services covering up to 8,500 sqm.

The hospital will be fully furnished and equipped with electricity, water, and sewage facilities. The development plan also comprises the rehabilitation of the road that connects the hospital to the national road to ensure easy access to the hospital.

The project is expected to serve thousands of people from the Cameroonian capital as well as neighboring cities and villages, providing access to quality healthcare services. It will help tackle chronic disease and reduce mortality rates. The hospital will also alleviate overcrowding in Yaoundé and Douala hospitals.

Mr. Al Marshad affirmed that the project will be co-financed by SFD, the Kuwait Fund for Arab Economic Development, and the Arab Bank for Economic Development in Africa (BADEA), with a total value of $38.8 million.

Mr. Al Marshad reiterated that the project is a vital undertaking that will positively contribute to the social development of the Cameroonian people. The project will provide the necessary support for basic infrastructure services, enabling society members to access all their daily needs to improve their social and economic living conditions.

Mr. Mey praised the important role played by the Kingdom of Saudi Arabia, through SFD, in supporting development projects and improving the health sector in Cameroon. The Minister further underlined that the Mbalmayo Regional Hospital project will be essential to people and communities across Cameroon, offering greater access to quality care and modern, specialized medical centers.

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