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The Saudi Fund for Development (SFD) and the General Authority of Civil Aviation (GACA) today signed a Memorandum of Understanding (MoU) to explore opportunities for collaboration in international development.

The MoU was signed by SFD CEO, H.E. Sultan Abdulrahman Al-Marshad and GACA President, H.E. Abdulaziz bin Abdullah Al-Duailej, during a ceremony held at the Riyadh headquarters of SFD.

The MoU aims to strengthen cooperation and integration between the SFD and GACA to support sustainable SFD-funded projects that promote long-term growth in developing countries. The agreement also enhances the proactive role of GACA in the global civil aviation sector, by leveraging the shared capabilities of both parties to improve airport infrastructure in beneficiary countries—thereby contributing to better service quality and enhanced regional and international air connectivity.

This MoU aligns with Saudi Arabia’s longstanding efforts to boost international development. The SFD has over the past 50 years financed and promoted 800-plus projects and programs in over 100 developing nations, with total investment exceeding USD 21 billion, contributing to both social progress and economic prosperity in all those countries.

In this context, the MoU bolsters the strategic objectives of GACA and its active role in the global aviation sector, via such key partnerships and in line with international best practices and the goals of Saudi Vision 2030. The agreement further reflects the commitment of GACA to expand its collaboration with a broad range of public and private sector entities.