Saudi Arabia Deepens Sustainable Development Finance with Nearly SAR 6 Billion in Agreements at MOMENTUM 2025
Riyadh conference concludes with 45 development deals aimed at unlocking investment, empowering SMEs and bolstering priority sectors under Vision 2030
At the conclusion of the MOMENTUM 2025 Development Finance Conference in Riyadh, Saudi Arabia’s National Development Fund and its affiliate institutions signed forty-five agreements and memorandums of understanding with prominent local, regional and international partners, with a combined value approaching six billion Saudi riyals.
The accords were formalised under the patronage of Crown Prince Mohammed bin Salman, who presides over the National Development Fund as chairman, capping three days of dialogue and cooperation that brought together decision-makers, financiers and experts from around the world.
The signing ceremony, held at the King Abdulaziz International Conference Centre, reflected a concerted effort to accelerate investment, unlock new opportunities and enable the private sector, with a particular emphasis on support for small and medium-sized enterprises, tourism, culture, human capital development, infrastructure and sustainable development.
Institutional initiatives included strategic partnerships between the National Development Fund and global technology and professional services leaders to harness artificial intelligence, data and digital solutions within the broader development finance ecosystem, aiming to strengthen organisational capabilities and enhance product and service innovation.
The National Infrastructure Fund signed a memorandum to unify development finance efforts for small business financing models, while the Small and Medium Enterprises Bank concluded nineteen cooperation agreements and memoranda valued at over three billion riyals to deepen integration between public and private entities.
The Tourism Development Fund entered six agreements exceeding four billion riyals to bolster financing solutions under its “Tourism Empowerment Programs” for micro, small and medium enterprises.
Cultural financing initiatives resulted in five credit facility agreements worth more than sixty-three million riyals to support cultural projects, and the Human Resources Development Fund signed three accords valued at over 324 million riyals directed at employment-focused initiatives.
The Saudi Industrial Development Fund also formalised cooperation with Saudi Railways Company to explore industrial sector opportunities, including localisation of goods and services to increase domestic content.
Additional cooperation memoranda spanned sectors from academic partnerships to event investment, underscoring the Kingdom’s strategic focus on converting collaborative frameworks into tangible impact.
Officials said these agreements advance the country’s Vision 2030 objectives by narrowing development finance gaps, mitigating strategic project risk, and fostering sustained socio-economic value for citizens, businesses and communities alike, reinforcing Saudi Arabia’s trajectory toward diversified and sustainable growth.
The accords were formalised under the patronage of Crown Prince Mohammed bin Salman, who presides over the National Development Fund as chairman, capping three days of dialogue and cooperation that brought together decision-makers, financiers and experts from around the world.
The signing ceremony, held at the King Abdulaziz International Conference Centre, reflected a concerted effort to accelerate investment, unlock new opportunities and enable the private sector, with a particular emphasis on support for small and medium-sized enterprises, tourism, culture, human capital development, infrastructure and sustainable development.
Institutional initiatives included strategic partnerships between the National Development Fund and global technology and professional services leaders to harness artificial intelligence, data and digital solutions within the broader development finance ecosystem, aiming to strengthen organisational capabilities and enhance product and service innovation.
The National Infrastructure Fund signed a memorandum to unify development finance efforts for small business financing models, while the Small and Medium Enterprises Bank concluded nineteen cooperation agreements and memoranda valued at over three billion riyals to deepen integration between public and private entities.
The Tourism Development Fund entered six agreements exceeding four billion riyals to bolster financing solutions under its “Tourism Empowerment Programs” for micro, small and medium enterprises.
Cultural financing initiatives resulted in five credit facility agreements worth more than sixty-three million riyals to support cultural projects, and the Human Resources Development Fund signed three accords valued at over 324 million riyals directed at employment-focused initiatives.
The Saudi Industrial Development Fund also formalised cooperation with Saudi Railways Company to explore industrial sector opportunities, including localisation of goods and services to increase domestic content.
Additional cooperation memoranda spanned sectors from academic partnerships to event investment, underscoring the Kingdom’s strategic focus on converting collaborative frameworks into tangible impact.
Officials said these agreements advance the country’s Vision 2030 objectives by narrowing development finance gaps, mitigating strategic project risk, and fostering sustained socio-economic value for citizens, businesses and communities alike, reinforcing Saudi Arabia’s trajectory toward diversified and sustainable growth.
