Riyadh Emir Prince Faisal bin Bandar inaugurated the Development Finance Conference (MOMENTUM 2025) at the King Abdulaziz International Conference Center in Riyadh on Tuesday.

The three-day conference, with the theme “Leading Development Transformation,” is being held under the patronage of Crown Prince, Prime Minister and Chairman of the Board of Directors of the National Development Fund Mohammed bin Salman.

In his remarks at the conference, Mohammed Al-Tuwaijri, vice chairman of the Board of Directors of the National Development Fund, expressed his gratitude to the Crown Prince for his patronage of the conference.

Al-Tuwaijri revealed that the National Development Fund’s system, which comprises 12 development funds and banks, provided financing amounting to over SR52 billion in a single year, contributing approximately SR47 billion to the non-oil GDP.

“This reflects a shift from financing to development and from support to sustainable impact. The system also supported more than one million beneficiaries and empowered thousands of citizens with access to financing and entrepreneurship opportunities,” he said.

Reviewing the results of the development funds, Al-Tuwaijri explained that the Tourism Development Fund supported more than 2,000 projects, while the Cultural Development Fund financed over 1,500 projects, and the Industrial Development Fund contributed to financing 4,000 projects. Internationally, the Saudi Fund for Development financed more than 800 projects and programs in 100 countries, with a value exceeding $21 billion.

Al-Tuwaijri indicated that the Arab Coordination Group, of which the Kingdom is a key member, is committed to providing more than $80 million in support to promote green transformation, food security, and infrastructure development in developing countries.

Source: Zawya