Saudi Fund for Development: 53 Years of Support and Sustainable Development

Saudi Fund for Development: 53 Years of Support and Sustainable Development
In a historic move reflecting the Kingdom of Saudi Arabia’s commitment to international development, the Saudi Fund for Development announced the establishment of the “Saudi Fund for Development Program,” coinciding with the 53rd anniversary of its founding. This announcement comes within the framework of a new strategy aimed at enhancing the Fund’s efforts in supporting comprehensive and sustainable development projects across various countries worldwide.
On this occasion, the Chairman of the Board of Directors of the Saudi Fund for Development stated: “We are pleased to announce this initiative, which comes within our vision to enhance the Kingdom’s role in supporting international development, and which will contribute to empowering communities and achieving sustainable development in accordance with the United Nations Sustainable Development Goals.”
Since its establishment in 1970, the Saudi Fund for Development has provided concessional loans and grants to finance development projects in more than 90 countries around the world, with a total value exceeding $100 billion. Since its inception, the Fund has focused on supporting vital sectors such as infrastructure, energy, water, health, and education, contributing to improving the quality of life for millions of people.
Under the new program, the Fund will focus on supporting projects that enhance sustainable development and contribute to achieving the United Nations Sustainable Development Goals, with particular emphasis on enhancing climate change adaptation capacity and supporting the most vulnerable communities.
This initiative comes within the framework of Saudi Vision 2030, which aims to enhance the Kingdom’s role as an effective global partner in the field of international development, and reflects its commitment to achieving sustainable development goals and supporting international community efforts in this regard.
The Chairman of the Board of Directors concluded his speech by saying: “We believe that sustainable development is the optimal path to building a better future for all, and we are committed to supporting international community efforts in achieving these noble goals.”
The launch of this program represents an important step in the journey of the Saudi Fund for Development, reflecting the Kingdom’s steadfast commitment to supporting comprehensive and sustainable development in the world, confirming its pioneering role in the field of official development assistance.

نبض السعودية ، موقع إخباري شامل يهتم بتقديم خدمة صحفية متميزة للقارئ، وهدفنا أن نصل لقرائنا الأعزاء بالخبر الأدق والأسرع والحصري بما يليق بقواعد وقيم الأسرة السعودية، لذلك نقدم لكم مجموعة كبيرة من الأخبار المتنوعة داخل الأقسام التالية، الأخبار العالمية و المحلية، الاقتصاد، تكنولوجيا ، فن، أخبار الرياضة، منوعات و سياحة.

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