Initiatives to power Saudi Arabia’s sustainable development
The MOMENTUM 2025 Development Finance Conference, which ran from 9 to 11 December in Riyadh, Saudi Arabia, saw the signing of 45 Memoranda of Understanding (MoUs) and agreements with a total value of approximately SAR 6bn.
Signed by the National Development Fund (NDF) and its affiliated sector funds and banks with leading local, regional, and international partners, these MoUs and agreements will help accelerate investment, empower the private sector, and unlock new opportunities across priority sectors including small and medium enterprises (SMEs), tourism, culture, human capital, infrastructure, and sustainable development.
At the institutional level, NDF signed two strategic agreements with leading global technology and professional services partners to accelerate the use of artificial intelligence, data, and digital solutions across the development finance ecosystem.
Promote innovation
These agreements aim to enhance NDF’s institutional capabilities, promote innovation in products and services, and improve the overall effectiveness and impact of development financing in the Kingdom.
The National Infrastructure Fund signed an MoU to unify development efforts in support of small
The SME Bank signed 19 MoUs and cooperation agreements, advancing finance ecosystem development and strengthening integration between public and private sector entities.
Cooperation agreement
The Saudi Industrial Development Fund signed a cooperation agreement with Saudi Arabia Railways (SAR) to identify opportunities that support the industrial sector, including railway industry development, and to assist investors in localizing goods and services in order to increase local content.
With more than 35 dialogue sessions, over 100 speakers from around the world, and an exhibition featuring more than 20 public and private entities, the MOMENTUM 2025 Development Finance Conference stands as a clear manifestation of the Kingdom’s focus on turning collaboration into tangible achievements, drive green and inclusive growth, and contribute to a more sustainable and prosperous future for all, a press communication indicated.
