The signing of agreements came at the conclusion of the Development Finance Conference MOMENTUM 2025. The new agreements and MoUs were signed in an effort to accelerate the pace of investment, empower the private sector and create new opportunities in priority sectors, primarily small and medium enterprises, tourism, culture, human capital, infrastructure and sustainable development.
Institutionally, the new agreements and MoUs were signed at the King Abdulaziz International Convention Center in Riyadh.
<At the organizational level, the National Development Fund signed two strategic agreements with two leading global technology and professional services partners to enable artificial intelligence, data and digital solutions in the development finance ecosystem.
<The MoUs aim to strengthen the Fund's institutional capabilities, encourage innovation in products and services, and improve the overall efficiency and impact of development finance in the Kingdom.
For its part, the National Infrastructure Fund signed a memorandum of understanding to unify the efforts of the development system to support small enterprises through cooperation in designing a development financing model for SMEs.
The Small and Medium Enterprises Bank signed 19 cooperation agreements and memorandums of understanding worth more than 3 billion riyals, to support the development finance system and promote integration between public and private sector entities.
The Small and Medium Enterprises Bank also signed 19 cooperation agreements and memorandums of understanding worth more than 3 billion riyals. The Tourism Development Fund signed 6 agreements with public and private sector entities, strengthening its partnerships with an impact of more than 4 billion riyals, with the aim of enhancing financing solutions through the "Tourism Empowerment Programs“ provided by the Fund to micro, small and medium enterprises.
The Tourism Development Fund signed 19 cooperation agreements and memorandums of understanding worth more than 3 billion riyals, to support the development financing system and enhance integration between public and private sector entities. The Cultural Development Fund signed five credit facility agreements under the ”Cultural Finance“ program, totaling more than 63 million riyals, to finance several cultural projects.
As part of its efforts to support cultural projects, the Cultural Development Fund (CDF) signed five credit facility agreements. As part of its efforts to support human capital development, the Human Resources Development Fund signed 3 agreements to support and empower 2,191 job seekers in multiple sectors, worth more than 324 million riyals.
The Human Resources Development Fund signed 3 agreements to support and empower 2,191 male and female job seekers in multiple sectors. The Saudi Industrial Development Fund (SIDF) signed a cooperation agreement with Saudi Railways (SAR) to identify opportunities for cooperation in enabling the industrial sector, including the railway sector, and supporting investors in localizing goods and services to increase local content.
The Saudi Industrial Development Fund (SIDF) also signed a cooperation agreement with Saudi Railways (SAR). <The Saudi Fund for Development signed five developmental memorandums of understanding with Imam Mohammed bin Saud Islamic University, the Islamic Military Alliance for Combating Terrorism, the Green Middle East Initiative, the Saudi Agricultural and Livestock Investment Company (SALIC), and the Arab Institute for Urban Development. <The Events Investment Fund signed a partnership agreement with Legends Global to boost the events sector by leveraging international expertise in organizing major international events. The agreements and MoUs signed during the MOMENTUM 2025 conference are an important step in the Kingdom's efforts to build a diversified, inclusive and sustainable economy. These partnerships will help bridge financing gaps, reduce the risk of strategic projects, create long-term value for Saudi citizens, businesses and communities, and achieve global sustainable development goals by aligning public and private capital with national priorities in infrastructure, small and medium enterprises, human capital, culture and green growth.
MOMENTUM 2025 is an important step in the Kingdom's efforts to build a diversified, inclusive and sustainable economy. <MOMENTUM 2025 clearly exemplifies the Kingdom's focus on turning collaboration into tangible achievements, driving green and inclusive growth, and contributing to a more sustainable and prosperous future for all.
