The MOMENTUM 2025 Development Finance Conference, which ran from 9 to 11 December, saw the signing of 45 Memoranda of Understanding (MoUs) and agreements with a total value of approximately SAR 6 billion. Signed by the National Development Fund (NDF) and its affiliated sector funds and banks with leading local, regional, and international partners, these MoUs and agreements will help accelerate investment, empower the private sector, and unlock new opportunities across priority sectors, including small and medium enterprises (SMEs), tourism, culture, human capital, infrastructure, and sustainable development.
At the institutional level, NDF signed two strategic agreements with leading global technology and professional services partners to accelerate the use of artificial intelligence, data, and digital solutions across the development finance ecosystem. These agreements aim to enhance NDF’s institutional capabilities, promote innovation in products and services, and improve the overall effectiveness and impact of development financing in the Kingdom. The National Infrastructure Fund signed an MoU to unify development efforts in support of small enterprises through the joint design of a developmental financing model for SMEs.
The SME Bank signed 19 MoUs and cooperation agreements, advancing finance ecosystem development and strengthening integration between public and private sector entities. The Tourism Development Fund signed six agreements with a number of government and private-sector partners, expanding its portfolio. These agreements aim to enhance financing solutions through the Fund’s Tourism Enablement Programs dedicated to micro, small, and medium enterprises.
The Cultural Development Fund signed five credit facility agreements under the Cultural Financing Program, to support a range of cultural projects. In support of human capital development, the Human Resources Development Fund signed three agreements to empower more than 2,000 job seekers across multiple sectors.
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