Prime Highlights:
- Saudi Arabia’s National Development Fund (NDF) is driving private sector investment, supporting major projects like the Neom Green Hydrogen Project.
- Investors across sectors, including industry, renewable energy, mining, and tourism, can expect strong long-term returns as part of the Kingdom’s economic transformation.
Key Facts:
- The NDF manages 12 sector-focused funds and banks to provide financing for growth across the Saudi economy.
- The partnership between the NDF and Public Investment Fund (PIF) allows large-scale sector transformation while supporting SMEs and entrepreneurs at a more targeted level.
Background:
Saudi Arabia’s infrastructure sector presents significant opportunities for private investors, with the National Development Fund (NDF) playing a key role in providing financing, a senior official said.
At the PIF Private Sector Forum on February 10, Stephen Groff, governor of the NDF, highlighted the strong potential for foreign investors to earn attractive returns as the Kingdom continues to develop its infrastructure and other projects.
“Our infrastructure fund was created to make projects more appealing to private investors,” Groff explained. “Involving the private sector helps complete projects faster, lowers costs, and often improves quality.”
He added that investment opportunities extend beyond infrastructure, covering sectors such as industry, financial services, renewable energy, mining, and tourism. The NDF manages 12 sector-specific funds and banks to provide financing that supports Saudi Arabia’s economic growth.
It also backs major projects through its infrastructure and industrial development funds, including the Neom Green Hydrogen Project and other large-scale developments across the Kingdom. “We can support nearly any sector of the economy, helping Saudi Arabia attract private investment,” Groff said.
The NDF also collaborates closely with the Public Investment Fund (PIF), which Groff described as a “wholesale-retail relationship.” While the PIF operates at a large scale to transform entire sectors, the NDF focuses on targeted support for entrepreneurs, SMEs, and emerging businesses.
Groff said investment opportunities will keep growing as the Kingdom shifts and prioritizes projects during its economic transformation. Driven by Vision 2030, Saudi Arabia is expanding beyond oil, attracting investors, and building its infrastructure and industrial sectors.
