Riyadh - Sharikat Mubasher: Saudi Arabia’s National Development Fund (NDF) and its affiliated sector funds and banks concluded 45 memoranda of understanding (MoUs) and agreements worth SAR 6 billion with leading local, regional, and international partners during the Development Finance Conference (MOMENTUM 2025).
These deals aim to 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, the NDF announced in a press release yesterday.
The NDF signed two strategic agreements with leading global technology and professional services partners to accelerate the use of artificial intelligence (AI), data, and digital solutions across the development finance ecosystem. These agreements will 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 SME Bank inked 19 MoUs and partnership agreements to advance finance ecosystem development and strengthen integration between public and private sector entities.
The Tourism Development Fund (NTD) signed six agreements with several government and private-sector partners to enhance financing solutions through the Fund’s Tourism Enablement Programs dedicated to MSMEs. Additionally, the Cultural Development Fund signed five credit facility agreements under the Cultural Financing Program to support a range of cultural projects.
The Human Resources Development Fund also signed three agreements to empower more than 2,000 job seekers across multiple sectors, while the Saudi Fund for Development signed five development MoUs.
Collectively, the MoUs signed at MOMENTUM 2025 mark a significant move forward in Saudi Arabia’s efforts to build a diversified, inclusive, and sustainable economy.
By aligning public and private capital with national priorities in infrastructure, SMEs, human capital, culture, and green growth, these partnerships will bridge financing gaps, de-risk strategic projects, and generate long-term value for Saudi citizens, businesses, and communities while contributing to global sustainable development objectives.
