Saudi Fund extends USD 17mn loan for Velana Airport

3 weeks ago

The Saudi Fund for Development has extended an additional USD 17 million loan to the Maldives for the ongoing project to develop a new international passenger terminal and upgrade cargo services at the Velana International Airport (VIA). The agreement was signed by Saudi Fund for Development’s CEO Sultan bin Abdulrahman Al-Marshad and Maldivian Finance Minister Moosa Zameer in a ceremony held