Saudi Govt. says it helps projects to uplift quality of people’s life

5 July 2019 01:12 am - 6 - {{hitsCtrl.values.hits}}

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While denying reports that Saudi Arabia was providing loans for Muslims through some local banks at the interest rate of one percent, the Saudi Embassy asserted that the soft loans had been provided by the Kingdom for the development projects in Sri Lanka, and they were intended to be contributions to provide a quality of life for ‘the friendly people of Sri Lanka’.

Saudi Arabia has provided soft loans amounting to US $ 408.72 million. The embassy also listed the following projects that the Saudi Government has financed.

The projects are the Colombo Water Supply and Sewerage (US $ 26.64 million), Electric Power Transmission (US $ 2.83 million), Mahaweli Ganga Downstream Development System “B” Left Bank (US $ 22.66 million), Medical Services Development in Colombo (US $ 14.93 million), Batticaloa – Tricomalee Road Development (US $ 10.66 million), Epilepsy Hospital and Health Center (US $ 32 million), Kalu Ganga Development (US $ 46 Million), Road Network Development (US $ 60 Million), Improvement of Peradeniya – Badulla – Chenkaladi Road (US $ 60 million), Development of Left Bank of Kalu Ganga (US $ 45 million), Development of Wayamba University(US $ 28 million), Medical Faculty of Sabaragamuwa University (US $ 50 million).

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Comments - 6

Jaffna Logic Friday, 05 July 2019 01:53 AM

In Saudi Arabia it is not the brain power of its people that produce its wealth, it is what comes from under the ground that makes the country rich. Otherwise the country would be as it had been for hundred of years, a country of desert normads.

Buddhist Friday, 05 July 2019 02:14 AM

Saudi's breeding terrorist all over the world.

Sas Friday, 05 July 2019 03:04 AM

Can Saudi Arabia explain why they funded the Batticaloa shariah uni?

Mohamed Friday, 05 July 2019 03:24 AM

කුහක මිනුස්සුනේ ? Read this carefully - How disgrase we are - Compare this with other big talkers what Saudi has done this nothing for them but they never talked big in Media about what they have done - its prohibit as per the relgiion- Even this called Jihad - I am not a Saudi Fan but how sri lankan connects - My opinion is based on this published artical

Wasala Jay Friday, 05 July 2019 04:05 AM

But No money given to Eastern Batticalo???

ra Friday, 05 July 2019 05:46 AM

it might be more than what is listed. Because these Muslim countries' financial helps, Sri Lanka adopted a policy of dividing Muslims and Tamils for its own benefits.

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Saudi Govt. says it helps projects to uplift quality of people’s life

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