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Arab News
22-07-2025
- Business
- Arab News
Saudi fund extends $32m in loans to Bosnia for education, innovation projects
JEDDAH: Social infrastructure in Bosnia and Herzegovina is set to improve following two Saudi-funded development loans worth $32 million, targeting science, technology, and higher education facilities. The Saudi Fund for Development has allocated $19 million for the construction of a Science and Technology Park, and $13 million for the development and outfitting of a new student dormitory at the Borisa Starovic Public Institution Student Center in Foca, in the country's southeastern region. SFD CEO Sultan Al-Marshad signed the deals with Bosnia's Minister of Finance and Treasury Srdan Amidzic, in the presence of Saudi Ambassador Osama bin Dakhil Al-Ahmadi, according to an official release. The new funding builds on nearly three decades of Saudi-Bosnian cooperation, during which the SFD has financed 27 projects through nine concessional loans totaling over $163 million, along with $53 million in grants supporting post-war reconstruction and long-term development. The first loan agreement is to finance the Construction of Science and Technology Park Project worth $19 million. It includes a multidisciplinary center over 200,000 m² to support technology, economic growth, healthcare, and higher education—bringing together researchers,… — الصندوق السعودي للتنمية (@SaudiFund_Dev) July 21, 2025 'The Science and Technology Park Project aims to establish a multidisciplinary scientific center covering a total area of approximately 200,000 square meters, supporting technological advancement, economic development, health care, and higher education,' the SFD said. 'The center will serve as a collaborative hub for researchers, scientists, and entrepreneurs across various fields,' it added. The student housing project is intended to strengthen the higher education sector by boosting student enrollment and providing improved accommodation to enhance learning opportunities and support broader community development. The agreements with Bosnia and Herzegovina come amid the SFD's broader engagement in the Balkans. In October 2024, Serbia signed three loan agreements worth $205 million with the fund to support its agriculture, education, and energy sectors, underscoring Saudi Arabia's growing development partnerships across Southeastern Europe. Development support that fosters innovation and education.. #Infographic | #SFD signs two development loan agreements worth $32 million to support social infrastructure in #Bosnia_and_Herzegovina. Towards social and economic growth; #ProsperTogether#SFD50 — الصندوق السعودي للتنمية (@SaudiFund_Dev) July 21, 2025 The SFD's activity in Bosnia is part of a larger push across emerging economies. In a separate deal earlier this month, the fund signed a $30 million loan agreement with Tajikistan to finance the Kulob city ring road project. The project aims to enhance regional transit infrastructure by linking Central Asian countries with China and Indian Ocean markets via land routes. It includes the construction of a road and two bridges to improve traffic flow, road safety, and trade efficiency. An SFD delegation led by Al-Marshad also recently participated in the inauguration of the Wayamba University township development project in Sri Lanka. The $28 million initiative, located in the country's northwestern province, includes new construction, classroom renovations, and modern educational equipment to strengthen the higher education sector.
Zawya
22-07-2025
- Business
- Zawya
Saudi's SFD signs two development loan agreements to support social infrastructure in Bosnia and Herzegovina
Sarajevo: The Saudi Fund for Development (SFD) signed Monday two development loan agreements worth $32 million to support social infrastructure in Bosnia and Herzegovina. The loan agreements were co-signed by CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al Murshid, and Minister of Finance and Treasury, Srdan Amidzic, on behalf of Bosnia and Herzegovina. The purpose of the two loans is to finance the construction of a science and technology park worth $19 million, and the construction and furnishing of student housing at the Borisa Starovic Public Institution in Foca worth $13 million. The Science and Technology Park project aims to establish a multidisciplinary scientific center with a total area of approximately 200 thousand square meters to develop technical fields, advance economic development, healthcare, and the growth of higher education. The center also brings together researchers, scientists, and businessmen from various fields. Meanwhile, the student housing project aims to support development in the education sector and encourage increased student enrollment in universities, as this provides vital opportunities for learning and community development. It is worth noting that the Saudi Fund for Development (SFD) began its development activities in Bosnia and Herzegovina in 1996, by financing the first housing reconstruction and infrastructure support project. The Fund has also financed 27 development projects and programs through 9 soft development loans, valued at more than $163 million, in addition to 4 grants provided by the Saudi government through the Fund, valued at more than $ 53 million, to contribute to social growth and sustainable economic prosperity in Bosnia and Herzegovina. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
News.com.au
17-06-2025
- News.com.au
Survivors of Bosnia 'rape camps' come forward 30 years on
It took years for Zehra Murguz to be able to testify about what happened to her and other Muslim women in the "rape camps" run by Serb forces during the war in Bosnia. One of the awful memories that drove her to give evidence was of seeing a girl of 12 "with a doll in her arms" dragged into one of them. Murguz felt she was also speaking "in the name of all the others, of that girl of 12 who will never talk... who was never found". The horror began for her in the summer of 1992 when Serb forces took the mountain town of Foca and Murguz was taken to the Partizan gym, one of several notorious rape camps the Serbs ran. For months dozens of Muslim women and girls were gang raped and forced into sexual slavery there. Others were sold or killed. At least 20,000 people suffered sexual violence across Bosnia as Yugoslavia collapsed into the worst war Europe had then seen since 1945. Most victims were Bosnian Muslims, but Serbs and Croat women also suffered. In 2001 the International Criminal Tribunal for the former Yugoslavia became the first court in Europe to recognise rape as a crime against humanity in an historic verdict against three Bosnian Serb army officers from Foca. While a handful of survivors driven by a thirst for justice continue to collect thousands of testimonies, many remain locked in silence more than three decades on. - Triple murder and rape - Murguz, 61, began her judicial journey when she returned to Bosnia in 2011 -- after years living in exile in Montenegro, Serbia and Croatia -- to bring her neighbour to book for raping her during the war. "If I don't speak, it will be as if the crime never happened," she told herself. He was still living in Foca and "wasn't hiding", she said. He was arrested and tried in the local court in 2012. Going there was "like going back to 1992", to the "agony" of that time, Murguz recalled. "I came face to face with him, we looked each other in the eye, and justice won out," she said. The man was jailed for 14 years, a "light sentence", said Murguz "for the murder of three people and a rape". But the conviction at last "stamped him with his true identity -- war criminal", she told AFP from a sewing workshop in Sarajevo run by the Victims of the War Foca 1992-1995 group. Around her other survivors wove fabric together, a form of collective therapy. "To this day, only 18 verdicts have been delivered for crimes of sexual violence committed in Foca," said the group's president, Midheta Kaloper, 52. "Three trials are ongoing. A lot of time has passed, and witnesses are exhausted." She herself was a victim of "an unspeakable, inexplicable crime" in Gorazde, the "worst torture a girl can endure", she said. She still hopes the suspect will be tried in Bosnia, not in Serbia where he now lives. But Kaloper warned that things have "stagnated" over the last five years, with 258 cases involving 2,046 suspects still needing to be judged, according to figures from the High Council of Magistrates. Bosnian judges had tried 773 war crime cases by the end of last year -- over a quarter involving sexual violence -- according to the OSCE monitoring mission. It said there had been "significant delays" in hundreds of others where the suspects have yet to be identified. "What kills us most is the excessive length of these proceedings," said Kaloper. - 'Timebomb' - "We have been fighting for 30 years, and our only real success has been obtaining the law on civilian war victims," under which survivors can be given a pension worth about $400 a month, she said. However, the law only covers the Muslim-Croat half of Bosnia and those living there, and not those living in the self-governing Serb Republika Srpska (RS) and the small mixed Brcko District in the northeast, which have different judicial systems. Around 1,000 survivors have obtained war victim status in the Muslim-Croat federation and some 100 more in the RS and Brcko, said Ajna Mahmic, of the Swiss legal NGO Trial International. Rape, she said, still carries a particular stigma. "Unfortunately, as a society we still put the blame and shame on the victims rather than the perpetrators. "Many of the survivors do not feel secure," Mahmic told AFP. "Some of the perpetrators are still living freely and some are working in public institutions," some in positions of authority. Not to mention the continued glorification "of war criminals (in the Balkans) and the minimisation of the suffering we have endured", Kaloper added. Nearly half of ongoing cases are held up because the accused are abroad, an OSCE report said in January. Another "worrying trend is the widespread failure of courts to grant victims compensation" in criminal cases, the OSCE added. While witnesses could testify anonymously in The Hague, there is nothing to protect their identity in civil compensation proceedings in Bosnia. "Even today it is very difficult for victims to speak," said Bakira Hasecic, 71, head of the Women Victims of War group, and they keep the "weight of this tragedy in their hearts". Many follow what their former torturers are up to on social networks. It is an emotional "timebomb that can explode at any moment and drives some to call us", she said. Though over 30 years have passed, 15 more victims stepped forward needing to talk in the last few months alone, Hasecic said.
