National Development Fund (Saudi Arabia)

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]

National Development Fund (Saudi Arabia)

Native name	صندوق التنمية الوطني
Founded	4 October 2017; 8 years ago (2017-10-04)[1]
Headquarters	Riyadh , Saudi Arabia
Key people	Mohammad bin Salman, (Chairman) Stephen Groff, (Governor)
Website	ndf.gov.sa

Supervised Development Funds and Banks

1. Real Estate Development Fund (REDF).
   ^[6]
2. Saudi Fund for Development (SFD).
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3. The Saudi Industrial Development Fund (SIDF) .
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4. Agricultural Development Fund of Saudi Arabia (ADF).
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5. Social Development Bank (SDB).
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6. Saudi Human Resources Development Fund (HRDF).
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7. Gulfjobsy | Find Saudi Arabia Latest Notification.
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8. Fund events related to the sectors of culture, entertainment, sports, and, tourism.
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9. Cultural Development Fund (CDF).
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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

• Public Investment Fund