Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa

The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such as climate change mitigation to prevent natural disasters that could harm heritage sites and investments in social infrastructure.

The Director General of the Project Management Office (PMO) at the SFD, Eng. Mohammed Alhussain, made this known at while participating in a side event at the UNESCO Partners Forum’s roundtable on “Investment in Heritage Preservation in Africa.”

This event coincided with the 45th session of the UNESCO World Heritage Committee, held in Riyadh from September 10-25, 2023. The roundtable, hosted by Al Diriyah Gate Limited Company and organized by UNESCO and UN Global Compact Network Saudi Arabia, brought together representatives from the private sector and government institutions.

Discussions during the event emphasised the significance of preserving heritage in Africa, as it plays a crucial role in preserving cultural identity, promoting tourism, safeguarding communities, and driving socio-economic development.

During his presentation, SFD’s Director General of the PMO, Eng. Mohammed Alhussain said, “Climate change is a major threat to heritage preservation in Africa. The continent is already experiencing the effects of climate change, such as more extreme weather events, rising sea levels, floods, and desertification. These effects are damaging and destroying cultural heritage sites, including archaeological sites, historic buildings, and natural landscapes.”

He also highlighted how renewable energy sources, such as solar and hydropower, can help to mitigate climate change and protect Africa’s rich heritage by reducing the production of carbon emissions and fossil fuel dependence, which damage the environment.

During the roundtable session, Mr. Alhussain also shared several key examples of SFD’s contributions in heritage preservation over the years, through climate impact and social infrastructure funding. Among these was the $20 million USD provided in grants by SFD to help Mauritania rebuild the city of Tintane, which hosts several historic buildings and sites, and was devastated by a flash flood in 2007,

Additionally, he also shared the positive impact of two other key projects, one of these being SFD’s $215 million USD contribution to the Merowe Dam Project in Sudan, and the $31 million USD provided towards the Kpong Hydro-Electric Power Plant Project in Ghana.

Since its inception in 1974, SFD has funded more than 700 development projects worth US$18.7 billion in over 90 countries around the world. In Africa alone, SFD has financed over 400 projects worth US$10.7 billion in 46 countries. This accounts for 57% of SFD’s funding in developing countries worldwide.

Add your voice

0 comments