NDF clinches 45 agreements valued at SAR6 billion during Momentum 2025

Post by : Mara Rahim

The National Development Fund (NDF) concluded the Development Finance Conference, MOMENTUM 2025, with impressive outcomes, announcing the signing of 45 agreements and memoranda of understanding. These agreements were finalized with prominent partners from Saudi Arabia, other regional nations, and various international entities. Hosted in Riyadh from December 9 to 11, the conference occurred under the patronage of His Royal Highness Prince Mohammed bin Salman, Crown Prince and Chairman of the NDF Board.

With a total value nearing SAR6 billion, these new agreements underscore a robust commitment to facilitating Saudi Arabia's economic growth. The partnerships underscore the NDF’s pivotal role in developing the Kingdom's financial landscape and investment framework. The conference aimed to reinforce collaboration among major institutions and stakeholders while creating new avenues for financing developmental projects.

A primary objective of these agreements is to empower the private sector, thus generating enhanced business opportunities nationwide. Key focus areas include small and medium enterprises, which are critical for job creation and innovation. By providing improved financial mechanisms and support, the NDF aims to assist private entities in scaling up and enhancing their contributions to the national economy.

Additionally, the agreements are directed toward vital sectors essential for sustainable long-term growth, encompassing tourism, culture, infrastructure, human capital development, and sustainable practices. Each of these sectors is poised for significant economic advancement, and the newly formed partnerships are anticipated to catalyze increased investments, drive growth, and foster sector-wide enhancements.

Through these endeavors, the NDF remains steadfast in its support of Saudi Arabia’s Vision 2030 objectives, promoting broader economic opportunities and diverse investments. The Momentum 2025 conference highlighted NDF’s dedication to elevating development financing and accelerating investment initiatives. With these new agreements, Saudi Arabia is poised to progress on a solid path toward cultivating a more vibrant and sustainable economy.