Riyadh: The Saudi Industrial Development Fund (SIDF) concluded today its participation in the first edition of the Momentum 2025 Development Finance Conference, organized by the National Development Fund (NDF) from December 9 to 11 at the King Abdulaziz International Convention Center in Riyadh.
According to Saudi Press Agency, the conference served as a platform to explore the future of development finance and its role in supporting sustainable growth. It brought together leading thinkers, investors, and decision-makers from around the world to discuss key challenges and opportunities and to exchange experiences that contribute to advancing development finance tools and maximizing their impact.
SIDF's participation underscores its active role in driving economic development through its financing, advisory, and knowledge-based programs and solutions, as well as its diverse initiatives that address the needs and aspirations of manufacturers and investors.
During a panel discussion on the sidelines of the conference, CEO of the Saudi Industrial Development Fund Prince Sultan bin Khalid bin Faisal Al Saud affirmed that SIDF, for more than 50 years, has maintained its pioneering role in developing its financing and advisory tools to enable national industries and enhance their global competitiveness. He noted that SIDF has financed more than 4,200 projects with total disbursements exceeding SAR150 billion, attracting investments of nearly SAR800 billion.
Prince Sultan bin Khalid explained that SIDF is now focused on creating new financing channels in collaboration with various public- and private-sector partners, with the aim of ensuring sustainable funding for the private sector through mechanisms that attract capital from financial institutions and investors. He said: 'We have recently launched the world's largest supply chain financing program, in partnership with Saudi Aramco and the Saudi Electricity Company, benefiting thousands of suppliers and manufacturers.'
The participation culminated in the signing of a cooperation agreement with Saudi Arabia Railways (SAR) to identify areas of collaboration in enabling the industrial sector-including the railway industry-and supporting investors in localizing goods and services to increase local content.
The National Development Fund, through Momentum 2025, highlights the Kingdom's leadership in various development domains and the significant role played by the national development ecosystem in shaping a sustainable economic and social future aligned with the objectives of Saudi Vision 2030.
The Momentum 2025 Development Finance Conference serves as a collaborative platform that advances the implementation of development finance solutions with the participation of senior government leaders, development finance institutions, investors, and innovators from inside and outside the Kingdom. The conference aims to strengthen partnerships that support ecosystem alignment and transform development priorities into practical initiatives that contribute to inclusive and sustainable growth.