Menu
A new chapter in global development financing began this week as National Development Fund (NDF) inaugurated Momentum 2025, a three-day conference in Riyadh focused on shaping sustainable financing ecosystems aligned with the Kingdom’s long-term goals.
More than 100 speakers representing over 120 international and local organizations were brought together by the event held under the patronage of Mohammed bin Salman.
In his opening remarks, vice chairman Mohammed Al-Tuwaijri highlighted the significance of the conference on a global scale. He noted that Momentum 2025 aims to build a financial infrastructure that is impactful, inclusive, and sustainable, thus able to support growth in all sectors.
The core of the conference is the necessity of improving communication among development funds, banks, international institutions, governments, and private companies. The goal is to make easier the flows of resources and to direct the money in an efficient manner to the areas of key growth that are to be economically viable.
This move is a clear indication of how Saudi Arabia is changing the face of development finance. Instead of merely depending on state funding, the Kingdom plans to create a financing ecosystem that is diversified and thus can support such sectors as tourism, SMEs, exports, culture, and also potential new areas by means of the specially designed funds.
It is Momentum 2025 that is credited with the idea of that ongoing effort which many anticipate will lead to the unlocking of investment, the mobilization of capital, and giving a tangible form to the nation’s long-term transformation agenda.
That leads to a media environment where meaningful voices are under-represented, nuance gets lost, and the heritage or future potential of the region is rarely given its due.
If you need expert medical advice, you are welcome to contact us
