The National Development Fund (NDF) has officially partnered with the World Economic Forum (WEF), aiming to join the ranks of the forum’s influential members. This collaboration was formalized with a contract signed at the NDF’s main office by Khalid bin Ibrahim Shareef, the NDF’s Chief of Staff, and Alexandre Raffoul, the WEF’s Head of Global Partner Development and member of the Executive Committee.
This alliance is set to bolster the NDF’s stature on the international stage through engagement with WEF’s extensive platforms. The NDF will leverage this opportunity to elevate its profile in the realm of development finance, forge connections with pertinent organizations globally, and co-operate to surmount obstacles within the sector. Moreover, the partnership will be instrumental in assimilating best practices worldwide, innovating solutions, crafting effective policies for the financial ecosystem, and enhancing economic influence.
Through this partnership, the NDF gains a valuable conduit for the exchange of knowledge and insights with global leaders from both the public and private sectors. Participation in WEF’s year-long agenda of conferences, seminars, and workshops will grant the NDF access to cutting-edge information and research spanning diverse economic, commercial, and social domains. This exposure is crucial for staying abreast of evolving global economic trends and breakthrough technologies in the financial industry.
The WEF’s membership roster encompasses premier development finance institutions such as the Islamic Development Bank, the African Development Bank, the World Bank Group, and several other prominent international financial entities.
Under the NDF’s umbrella are 12 development funds and banks within Saudi Arabia, all working in concert to amplify their collective performance and societal contributions. By channeling investments into sectors poised for growth, the NDF plays a pivotal role in propelling the nation’s ambitions outlined in the Saudi Vision 2030.