This was stated during an interview at the sidelines of the Development Finance Conference “MOMENTUM 2025,” hosted by the Kingdom from December 9 to 11. Firstly, you know that the goal of the National Development Fund is to support the diversification objectives of the Saudi Arabian economy. Considering the vision’s objectives in terms of economic diversification, it is important to have financial mechanisms to support this growth. This is exactly what the National Development Fund focuses on, which is providing financing to aid private investment in diversifying the economy.
There are many sectors we focus on, some traditional, like the industrial sector and manufacturing sectors in the economy that we support. But there is also the tourism sector, the mining sector, some new sectors, and artificial intelligence sectors in the economy, as well as infrastructure sectors in the economy that we support through our funds and banks. All these offer enormous opportunities for foreign investors interested in coming to Saudi Arabia and benefiting from the immense possibilities available in the country today.
The National Development Fund is not directly involved in the sovereign-level relationship between Saudi Arabia and other countries. However, the extent to which Russian investors and businesspeople interested in working in Saudi Arabia can be supported through our system of funds and banks. Therefore, the level of expertise in any country interested in bringing this expertise here can be supported through our platforms.
We participate through the Industrial Development Fund in supporting industry, the mining sector, and the logistics sector in the economy. Finally, the Infrastructure Fund, which does a lot of work in new sectors in the economy, tries to figure out how to attract private investment into infrastructure and individual infrastructure assets. Thus, I believe, individually and collectively, there are many opportunities for any investor interested in the Kingdom.
The extent to which this cooperation translates into investments and investors is what we are all about. We are talking about supporting investment and investors. Therefore, to the extent that all this wonderful cooperation leads to greater interest from investors, we are here to support these investors and ensure they have the kind of support they need to make impactful investments and benefit once again from the wonderful opportunities.
Yes, certainly. Again, our work relies heavily on a project-by-project basis. So, we reiterate that we focus more on how to enhance the profitability of any individual project. Therefore, to the extent that there are projects that pique interest, we can certainly have this kind of interaction.
Well, I think that relates to what is happening in the country. We tend to focus on the big announcements we see in the country, which are critical and directional investments and announcements for the country. But also, what is happening through the support of our system of funds and banks is very, very broad. Therefore, the work we do benefits almost every Saudi citizen in the country in one way or another. Hence, I believe the story here is the kind of change we have seen over the past eight to nine years in Saudi Arabia. Not just in the big announcements. It is really very deep and very broad across the country and the entire economy.
