On Monday, 15 December 2025, Mauritania’s Minister of Economic Affairs and Development, Abdallahi Souleymane Sheikh Sidiya, signed two major financing agreements with the Arab Fund for Economic and Social Development (FADES) in Nouakchott, in the presence of Ministers of Equipment and Transport, Ely Ould El Veirik, and Hydraulics and Sanitation, Amal mint Maouloud.
The total value of the agreements is 32 million Kuwaiti dinars (approximately 4.13 billion MRU), aimed at strengthening the country’s economic and social development.
The first agreement, valued at 20 million Kuwaiti dinars, will finance two transport sector sub-projects: the rehabilitation of the 120-kilometre road between Tintane and Touil via Ain Varba, and the construction of a 45-kilometre road connecting R’kiz to El Bezoul. These projects are intended to enhance connectivity and unlock development potential in the surrounding regions.
The second agreement, worth 12 million Kuwaiti dinars, targets the “Aftout Essahili” water project in Nouakchott. It will expand the city’s drinking water storage, pumping, and transport capacities, providing an additional 75,000 cubic metres per day to meet the growing demand by 2030. Minister Sidiya highlighted FADES’ pivotal role in promoting Mauritania’s development and said the agreements reinforce a long-standing, fruitful partnership. FADES Managing Director Fawzi Youssef Al-Hanif emphasised that the Fund’s support is designed to help lay the foundations for the country’s economic and social progress.
