With 6 billion riyals… 45 agreements and memorandums of understanding at the Development Finance Conference

The signing of the new agreements and memorandums of understanding came in an effort to accelerate the pace of investment, empower the private sector, and provide new opportunities in priority sectors, most notably small and medium enterprises, tourism, culture, human capital, infrastructure, and sustainable development.

Development Financing System

At the institutional level, the National Development Fund signed two strategic agreements with two partners. Two global leaders in the field of technology and professional services, with the aim of enabling artificial intelligence, data and digital solutions in the development financing system.

The two memorandums aim to enhance the institutional capabilities of the Fund, encourage innovation in products and services, and improve the efficiency and overall impact of development financing in the Kingdom. For its part, the National Infrastructure Fund signed a memorandum of understanding with the aim of unifying the efforts of the development system to support small enterprises through cooperation in designing the development financing model for small and medium enterprises. The government and private sectors, to enhance its partnerships with an impact exceeding 4 billion riyals, with the aim of enhancing financing solutions through… "Tourism empowerment programs" Which the Fund provides to micro, small and medium enterprises.

Credit Facilities

The Cultural Development Fund signed five credit facility agreements within the framework of the program "Cultural financing"With a total of more than 63 million riyals, to finance many cultural projects.

As part of its efforts to support human capital development, the Human Resources Development Fund concluded 3 agreements with the aim of supporting and empowering 2,191 male and female job seekers in multiple sectors, with a value exceeding 324 million riyals.

Empowering the Industrial Sector

In turn, the Saudi Industrial Development Fund signed a cooperation agreement with the Saudi Railways. "He walked"; To identify opportunities for cooperation in empowering the industrial sector, including the railway sector and supporting investors in the localization of goods and services to increase local content.

As for the Saudi Fund for Development, it signed five development memorandums of understanding with Imam Muhammad bin Saud Islamic University, the Islamic Military Alliance to Combat Terrorism, the Green Middle East Initiative, the Saudi Agricultural and Livestock Investment Company (SALIC), and the Arab Institute for Urban Development.

Strengthening the Events Sector

The Events Investment Fund signed a partnership agreement with Legends Global aims to strengthen the events sector by benefiting from international expertise in the field of organizing major global events.

The agreements and memorandums of understanding signed during the MOMENTUM 2025 conference constitute an important step in the Kingdom’s efforts to build a diversified, inclusive and sustainable economy.

Bridging financing gaps

These partnerships contribute to closing financing gaps, reducing the risks of strategic projects, creating long-term value for Saudi citizens, companies and communities, and achieving development goals. Global sustainability by aligning public and private capital with national priorities in the areas of infrastructure, small and medium enterprises, human capital, culture, and green growth.

The MOMENTUM 2025 development finance conference clearly embodies the Kingdom’s focus on transforming cooperation into tangible achievements, advancing green and inclusive growth, and contributing to a more sustainable and prosperous future for all.