Abdulaziz Abdulrahman Al-Arifi, Governor of the National Development Fund (NDF)
Abdulaziz Abdulrahman Al-Arifi, Governor of the National Development Fund (NDF), said the value of development finance lies not only in the scale of investment it can mobilize, but also in the opportunities it creates and its impact on people’s lives and the economy’s future. 
Speaking at the 25th World Petroleum Congress (WPC) in Riyadh, Al-Arifi stated that the development finance ecosystem has helped enable strategic investments, develop infrastructure, increase private sector participation, and support national development and capacity-building efforts.
Its contributions have also extended to supporting development projects in developing countries, strengthening essential services and opening up new avenues for growth, he added.
Al-Arifi noted that the efforts of 12 development funds and banks are coordinated under the NDF umbrella to enable projects, expand investment opportunities and develop talent, thereby supporting energy security and sustainability.
He also said the NDF and the Saudi Industrial Development Fund (SIDF), in partnership with local and international financial institutions, had contributed to financing the green hydrogen project, which attracted total investments of SAR 31.5 billion.
Abdulaziz Abdulrahman Al-Arifi, Governor of the National Development Fund (NDF)
Abdulaziz Abdulrahman Al-Arifi, Governor of the National Development Fund (NDF), said the value of development finance lies not only in the scale of investment it can mobilize, but also in the opportunities it creates and its impact on people’s lives and the economy’s future.
Speaking at the 25th World Petroleum Congress (WPC) in Riyadh, Al-Arifi stated that the development finance ecosystem has helped enable strategic investments, develop infrastructure, increase private sector participation, and support national development and capacity-building efforts.
Its contributions have also extended to supporting development projects in developing countries, strengthening essential services and opening up new avenues for growth, he added.
Al-Arifi noted that the efforts of 12 development funds and banks are coordinated under the NDF umbrella to enable projects, expand investment opportunities and develop talent, thereby supporting energy security and sustainability.
He also said the NDF and the Saudi Industrial Development Fund (SIDF), in partnership with local and international financial institutions, had contributed to financing the green hydrogen project, which attracted total investments of SAR 31.5 billion.
