Under the patronage of Prince Mohammed bin Salman, the Governor of Riyadh Region, Prince Faisal bin Bandar, inaugurated the Development Finance Conference MOMENTUM 2025. Organized by the National Development Fund under the theme “Leading Development Transformation,” the event runs from December 9–11 at the King Abdulaziz International Conference Center.
In his address, NDF Vice Chairman Mohammed Al-Tuwaijri emphasized that this generous patronage embodies the leadership’s conviction that investing in people is the most valuable pathway to building a prosperous future and achieving sustainable development.
He highlighted the Kingdom’s global leadership in reshaping the development finance landscape, affirming that its efforts are fully aligned with the objectives of Saudi Vision 2030. Al-Tuwaijri noted that the NDF contributes forward-looking perspectives through the participation of distinguished international speakers and experts, helping to generate fresh momentum for development and reaffirming the fund’s commitment — set forth by the leadership — to advancing joint efforts toward a flourishing, human-centered future.
Al-Tuwaijri also pointed to the expanding diversity of development sectors. He noted that the Tourism Development Fund has supported 2,000 tourism projects across the Kingdom, while the Cultural Development Fund has financed more than 1,500 cultural initiatives. In addition, the Saudi Industrial Development Fund has contributed to the financing of 4,000 projects.
On an international scale, the NDF has financed more than 800 projects and programs across 100 countries, with a total value exceeding $21 billion. He further highlighted that over 20% of SIDF’s portfolio is directed toward sustainable energy projects, including green hydrogen ventures with a capacity of 3.8 gigawatts and solar energy projects totaling 2.6 gigawatts — a reflection of the Kingdom’s commitment to supporting the global green economy.
MOMENTUM 2025
MOMENTUM 2025 aims to reinforce the strategic direction of the NDF and its affiliated development funds and banks by enriching the development sector, elevating system-wide performance, strengthening the ability to meet national priorities, and aligning efforts and objectives to ensure a sustainable development impact on society and the economy.
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