In the presence of Minister of Industry and Mineral Resources Bandar Alkhorayef, the Saudi Fund for Development (SFD) and the Saudi Export Development Authority (Saudi Exports) signed a memorandum of understanding (MoU) during the Made in Saudi Expo 2025 in Riyadh. The MoU was signed by SFD CEO Sultan Al-Marshad and Saudi Exports CEO Eng. Abdulrahman Althukair.
The agreement aims to strengthen cooperation between the two entities through the exchange of expertise and knowledge, while supporting the growth of Saudi non-oil exports. This will be achieved by aligning the opportunities offered by SFD with the capabilities of national companies participating in development projects and programs financed by the Fund in developing countries around the world.
Moreover, the MoU supports shared strategic objectives, enhances local content, and creates valuable opportunities that contribute to sustainable international development.
For more than five decades, SFD has financed over 800 development projects and programs across multiple sectors in more than 100 developing countries, with total funding exceeding $22 billion, supporting social development and economic growth in beneficiary nations.
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