The Saudi Fund for Development concluded its active participation in the Local Content Forum, organized by the Local Content and Government Procurement Authority from November 20 to 22, 2024. The participation is part of the fund's ongoing efforts to support local content and promote sustainable development in developing countries.

An Interactive Digital Showcase of the Fund's Achievements

During the forum, the fund used its interactive digital pavilion to showcase its key achievements in empowering national companies to contribute to development projects and programs. The pavilion also gave visitors the chance to learn about the fund's journey since its founding in 1974, as it marks half a century of its pioneering role in supporting development worldwide.

A Historic Role in Supporting Global Development

Over five decades, the fund has provided financing for more than 800 development projects and programs in over 100 developing countries, with a total value exceeding $20 billion. These projects have spanned vital sectors such as infrastructure, education, health and energy, contributing to social growth and economic prosperity in these nations.

Through its participation in the Local Content Forum, the Saudi Fund for Development affirms its ongoing commitment to supporting Saudi Vision 2030 by boosting local content and empowering national companies to make a positive impact on the global economy.