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November 25, 2025
16h ago

Kenya to Benefit From Ksh130 Billion Infrastructure Loans From Saudi Arabia

Kenya to Benefit From Ksh130 Billion Infrastructure Loans From Saudi Arabia

The new fund is set to benefit a number of developing countries in some of their infrastructural projects, including Kenya...

✨ Key Highlights

Kenya is poised to benefit from a substantial Ksh130 billion (USD 1 billion) infrastructure loan through a new partnership between the Saudi Fund for Development (SFD) and FIFA. This funding is ear-marked for the construction and upgrade of modern, FIFA-certified sports stadiums and surrounding infrastructure in developing nations, with Kenya being a priority due to its commitment to using sport for national development.

  • The deal was formalized via a Memorandum of Understanding (MoU) between FIFA and the SFD, facilitating concessional loans for FIFA Member Associations.
  • Sultan bin Abdulrahman Al-Marshad, CEO of the SFD, highlighted sport as a "catalyst for development and inclusion," aiming to empower youth and strengthen communities.
  • FIFA President Gianni Infantino confirmed the USD 1 billion in loans, emphasizing its role in ensuring all Member Associations have the necessary facilities to globalize football.
  • Football Kenya Federation (FKF) President Hussein Mohammed expressed optimism that Kenya would be a significant beneficiary, allowing for investment in modern infrastructure.

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