NDF disbursed over SAR 52B in 1 year: Al-Tuwaijri

NDF Vice Chairman Muhammad Al-Tuwaijri said the fund has contributed SAR 47 billion to Saudi Arabia’s non-oil GDP

Muhammad Al-Tuwaijri, Vice Chairman of the National Development Fund (NDF), said the fund has driven developmental financing and sectoral support since its inception through 12 funds and development banks, providing over SAR 52 billion in one year and contributing SAR 47 billion to the non-oil gross domestic product (GDP).

Speaking at the Fourth International Conference on Financing for Development (FfD4), Al-Tuwaijri noted the system has supported more than one million beneficiaries, enabling thousands of citizens to access funding and entrepreneurship opportunities, while launching projects that diversify the economy and create sustainable jobs.

The Tourism Development Fund (TDF) backed over 2,000 tourism projects, and the Cultural Development Fund (CDF) financed more than 1,500 cultural initiatives, while the Industrial Fund supported 4,000 industrial projects, he said.

Internationally, the Saudi Development Fund (SDF) financed more than 800 projects and programs in 100 countries, totaling over $21 billion.

Al-Tuwaijri said Saudi Arabia is reshaping the global development finance landscape under Vision 2030, positioning itself as a hub for investors, policymakers, and innovators to craft a new vision for development finance.

He added that NDF provides a verified platform for collaborative dialogue, turning ideas into projects and strategies into measurable results, thereby enhancing the efficiency of development finance and its economic impact.