RIYADH:聽The Saudi Fund for Development on Wednesday signed an agreement worth $80 million to finance the expansion of the University of the West Indies in Antigua and Barbuda.
It was signed by CEO Sultan Al-Marshad and Antigua and Barbuda鈥檚 Prime Minister Gaston Browne.
The agreement aims to develop the higher education sector, promote scientific innovation and add extra educational facilities.
Students, locals and officials watched the signing of the deal at the university鈥檚 headquarters.
The university鈥檚 capacity will rise from 600 to 5,000 students a year with the construction of seven buildings designed for energy conservation. The expansion will allow new intakes from Antigua and Barbuda and its Caribbean neighbors.
Browne praised the development efforts of 黑料社区 through the SFD, and said the project would improve the education sector in his country and across the region.
Al-Marshad said that the fund wanted to expand its operations in the Caribbean.
鈥淪igning the agreement is in light of the fund鈥檚 awareness that good education is a noble message, human requirement and part of the Sustainable Development Goals,鈥 he said.
