Arab News, Mon, Nov 20, 2023 | Jumada Al-Uola 6, 1445
Saudi Fund for Development inks MoUs with Haiti and Jamaica
Saudi Arabia has strengthened its partnership with Caribbean nations, as the
Kingdom extended its support to the development of Haiti and Jamaica.
On Nov. 17, the CEO of the Saudi Fund for
Development, Sultan Al-Marshad, signed memorandums of understanding with Haitian
Prime Minister Ariel Henry and Jamaican Prime Minister Andrew Holness.
The MoUs aim to establish a framework for
promoting development cooperation and to provide support in various sectors in
Jamaica and Haiti through SFD, according to SPA.
Through the agreements, the fund seeks to support
the socioeconomic and sustainable expansion of projects in key developmental
sectors in both nations.
These deals came on the sidelines of the
Saudi-CARICOM roundtable meetings to deepen bilateral relations between the
Kingdom and the CARICOM nations.
Saudi Minister of Transport and Logistics Services
Saleh bin Nasser Al-Jasser further demonstrated this commitment by signing an
agreement with Barbados.
The pact focuses on bilateral air transport
services between the two nations and establishing a regulatory framework for air
transport movement in accordance with the principles outlined in the Chicago
The treaty regulates international civil aviation
traffic in compliance with fair and equal opportunity principles.
Hence, the signed MoU controls the granting of
transport rights and applies the designation and licensing standards for
internationally applicable airlines.
It further aims to strengthen the rules and
standards of air safety, civil aviation security and fair competition protocols.
It also seeks to benefit the common economic interests of national carriers by
serving the air transport market between the two countries by applying modern
This comes as the chairman of CARICOM, Roosevelt
Skerrit, addressed the Saudi-CARICOM round table meeting, noting that a direct
12-hour flight between Saudi Arabia and the Caribbean was successfully tested on
Nov. 15 to serve as a potential “gateway” to South America.
Meanwhile, Saudi Minister of Investment Khalid
Al-Falih highlighted that the country would discuss implementing a direct flight
from the Kingdom to Caribbean nations through its newly established airline,
Following the roundtable forum, Saudi Energy
Minister Prince Abdulaziz bin Salman met with President of Guyana Irfaan Ali.
The meeting entailed discussing furthering
bilateral relations and aspects of cooperation between the two countries in the