Jakarta: Chief Executive Officer of the Saudi Fund for Development (SFD) Sultan Al-Marshad participated in the inauguration of two university development projects in the Republic of Indonesia: the development of Jakarta State University and Maulana Malik Ibrahim Malang State University.
According to Saudi Press Agency, the SFD is contributing over $88 million in funding for both projects, reaffirming its commitment to supporting the education sector across various regions in Indonesia.
The Jakarta State University Development Project (Phase II), funded by the SFD with a contribution of over $32.7 million, includes the construction of four 10-story buildings, a grand mosque, and a social development center covering approximately 44,000 square meters. These new facilities are expected to increase the university's student capacity from 28,000 to 40,000.
The inauguration ceremony was attended by Minister of Higher Education, Science, and Technology of Indonesia Dr. Brian Yuliarto; Rector of Jakarta State University Dr. Qamaruddin; Saudi Ambassador to Indonesia Faisal Al-Amoudi; and other senior officials.
Meanwhile, the Maulana Malik Ibrahim Malang State University Development Project (Phase II) in East Java is also supported by the SFD, with funding exceeding $55.5 million. The project includes the construction of five new buildings powered by renewable solar energy systems. Among the additions are new faculties of engineering, pharmacy, and medicine, as well as a research center, an Islamic studies center, and a university housing complex totaling around 42,000 square meters. It also involves upgrading specialized facilities and providing advanced equipment and technologies.
Since 1976, the Saudi Fund for Development has financed 12 development projects and programs in Indonesia across key sectors such as agriculture, transportation, health, education, industry, and mining. These initiatives, supported through concessional development loans exceeding $396 million, have contributed significantly to Indonesia's social development and sustainable economic growth.