Saudi NDF set to launch new infrastructure fund soon: report

15/06/2021 Argaam

Logo of National Development Fund

Saudi Arabia’s National Development Fund (NDF) is set to launch a new infrastructure fund in the coming weeks, Al Sharq newspaper reported, citing unidentified sources.

 

The new fund’s allocations will be directed to the infrastructure projects across the Kingdom, the sources indicated.

 

Procedures for launching the fund are being finalized, sources said, adding the new fund will be large in line with the industry.

 

In December 2020, NDF’s Deputy Board Chairman, Mohammed Al-Tuwaijri, said that it was seeking to set up a national infrastructure fund to boost investments in the infrastructure projects of key sectors, and reduce the government finance burden through encouraging private-sector funding, Argaam reported.

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