The National Development Fund (NDF) concluded the Development Finance Conference MOMENTUM 2025 with notable successes, revealing the signing of 45 agreements and memoranda of understanding. These collaborations took place with distinguished partners from Saudi Arabia, the region, and various international entities. Hosted in Riyadh from December 9 to 11, the conference was under the patronage of His Royal Highness Prince Mohammed bin Salman, Crown Prince and Chairman of the NDF Board.
With a combined value nearing SAR6 billion, these agreements signify a robust commitment to bolstering Saudi Arabia’s economic development. The emerging partnerships underline the NDF's pivotal role in shaping the Kingdom’s financial and investment framework. The conference's primary aim was to foster collaboration and initiate new financing avenues for development projects.
A prominent objective of these agreements is the empowerment of the private sector, creating expansive opportunities for businesses throughout the nation. The focus revolves around crucial areas such as small and medium enterprises, which are essential for job creation and innovation. By providing enhanced financial resources and aid, the NDF seeks to support private companies in their growth, thus contributing more robustly to the national economy.
Additionally, the agreements encompass various priority sectors crucial for sustained growth, including tourism, culture, infrastructure, human capital development, and sustainable development. Each sector presents substantial potential for economic advancement, with the new collaborations expected to unlock further investments, promote expansion, and encourage improvements across fields.
Through these efforts, the NDF reinforces its dedication to achieving Saudi Arabia’s Vision 2030 objectives by broadening economic opportunities and promoting diverse investments. The Momentum 2025 conference showcased NDF’s determination to boost development financing and expedite investment initiatives. With these fresh agreements, Saudi Arabia is advancing towards a more vibrant and sustainable economy.
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