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Saudi Crown Prince launches New strategy of National Development Fund with investments of SAR 570 billion

Saudi Crown Prince launches New strategy of National Development Fund with investments of SAR 570 billion

During his presidency of the board of directors meeting, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled the fund’s strategy, which intends to make it a key enabler for the Kingdom’s Vision 2030 economic and social goals.

The Crown Prince launched strategy that aspires to promote the sustainable development goals of all economic sectors.

The fund intends to increase the private sector’s contribution to more than three times concerning the development impact on the Kingdom’s economy by 2030, through its affiliated development funds and banks.

It also seeks to more than treble non-oil GDP to SAR 605 billion by 2030, as well as create a large number of jobs in the Kingdom.

The National Development Fund’s strategy is built on enabling development funds and banks to build a sustainable business model and portfolio while also activating the Kingdom’s development goals.

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