RIYADH — The Saudi National Development Fund (NDF) Governor Abdulaziz Al-Arifi revealed that the NDF and the Saudi Industrial Development Fund, in partnership with local and international financial institutions, have contributed to financing the green hydrogen project, with total investments amounting to SR31.5 billion.Speaking at the World Petroleum Congress in Riyadh on Wednesday, Al-Arifi stated that 12 development funds and banks are working collectively under the umbrella of the NDF to enable projects, expand investment opportunities, and develop national talent, thereby contributing to energy security and sustainability.He emphasized that the value of development financing is measured not merely by the volume of investments it generates, but also by the opportunities it creates and its impact on people’s lives and the future of the economy.Al-Arifi pointed out that the development financing system has played a pivotal role in enabling strategic investments, developing infrastructure, strengthening private sector participation, supporting development projects in developing countries, improving essential services, and opening new horizons for economic growth.
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