National Development Fund (Saudi Arabia)

National Development Fund (Saudi Arabia)
Native name
صندوق التنمية الوطني
Founded4 October 2017; 7 years ago (2017-10-04)[1]
Headquarters
Riyadh
,
Saudi Arabia
Key people
Mohammad bin Salman, (Chairman)
Stephen Groff, (Governor)
Websitendf.gov.sa

The National Development Fund (Saudi Arabia) (Arabic:صندوق التنمية الوطني) is a sovereign wealth fund of Saudi Arabia that was established in October 4, 2017. The fund aims to advance the performance of development funds and banks in Saudi Arabia as well as empower development funds and banks to better fulfill development priorities and economic obligations related to Saudi Vision 2030.[2][3][4][5]

Supervised Development Funds and Banks

  1. Real Estate Development Fund (REDF).
    [6]
  2. Saudi Fund for Development (SFD).
    [7]
  3. The Saudi Industrial Development Fund (SIDF) .
    [8]
  4. Agricultural Development Fund of Saudi Arabia (ADF).
    [9]
  5. Social Development Bank (SDB).
    [10]
  6. Saudi Human Resources Development Fund (HRDF).
    [11]
  7. Tourism Development Fund (TDF).
    [12]
  8. Fund events related to the sectors of culture, entertainment, sports, and, tourism.
    [13]
  9. Cultural Development Fund (CDF).
    [14]
  10. Small and medium enterprises bank

NDF and Vision 2030

Saudi Vision 2030 is a framework for Saudi economic diversification. The NDF's aim is to cultivate integration between development funds to improve their efficiency, effectiveness, and financial sustainability and thus overcome cyclical economic fluctuations in support of Vision 2030 objectives.[15][16]

See also

References

  1. ^ "Royal order stablishes National Development Fund". Saudi Press Agency. 2017-10-04. Retrieved 2024-04-10.
  2. ^ "Saudi National Development Fund established by King Salman". english.alarabiya.net. 4 October 2017. Retrieved 2019-07-04.
  3. ^ "Stephen Groff appointed head of Saudi National Development Fund". Saudigazette. 2019-06-20. Retrieved 2019-07-04.
  4. ^ "إنشاء صندوق "التنمية الوطني" للإشراف على الصناديق والبنوك التنموية | صحيفة الاقتصادية". 4 October 2017. Archived from the original on 2018-03-15.
  5. ^ "Saudi National Development Fund established by King Salman". 4 October 2017.
  6. ^ http://ndfgovsa.i-page.io/en/development_fund/real-estate-development-fund-redf/ [dead link‍]
  7. ^ http://ndfgovsa.i-page.io/en/development_fund/saudi-fund-for-development-sfd/ [dead link‍]
  8. ^ http://ndfgovsa.i-page.io/en/development_fund/saudi-industrial-development-fund-sidf/ [dead link‍]
  9. ^ http://ndfgovsa.i-page.io/en/development_fund/agricultural-development-fund-adf/ [dead link‍]
  10. ^ http://ndfgovsa.i-page.io/en/development_fund/social-development-bank-sdb/ [dead link‍]
  11. ^ http://ndfgovsa.i-page.io/en/development_fund/human-resources-development-fund-hrdf/ [dead link‍]
  12. ^ http://ndfgovsa.i-page.io/en/development_fund/tourism-development-fund-tdf/ [dead link‍]
  13. ^ http://ndfgovsa.i-page.io/en/development_fund/cultural-entertainment-sports-and-tourism-investment-fund/ [dead link‍]
  14. ^ http://ndfgovsa.i-page.io/en/development_fund/cultural-entertainment-sports-and-tourism-investment-fund/ [dead link‍]
  15. ^ http://ndfgovsa.i-page.io/en/about-ndf/what-is-ndf/ [dead link‍]
  16. ^ "جروف محافظا لصندوق التنمية الوطني". 20 June 2019.