Sadyr Japarov proposes Saudi Fund to increase financing of state mortgage

As part of a working visit to Saudi Arabia, President Sadyr Japarov met with the CEO of the Saudi Fund for Development Sultan Abdulrahman Al-Marshad. The press service of the head of state reported.

The President thanked the fund for financial support in various areas and emphasized the importance of intensifying work to complete current projects and launch new initiatives in the economy and social sphere.

Sadyr Japarov proposed the fund to increase funding for housing construction under the state mortgage program in Kyrgyzstan.

Sultan Abdulrahman Al-Marshad confirmed the fund’s readiness to continue cooperation and support projects that contribute to the sustainable development of Kyrgyzstan. In particular, the issue of allocating $50 million for the construction of 38 public schools in the country was raised.

At the end of the meeting, Sadyr Japarov invited Sultan Abdulrahman Al-Marshad to pay an official visit to Kyrgyzstan.