As global challenges related to poverty, infrastructure, and sustainability continue to grow, development financing has become more vital than ever. In this context, Saudi Arabia is strengthening its role as a key international development partner through the efforts of the Saudi Fund for Development (SFD). By financing impactful infrastructure and social development projects, the Kingdom is supporting global efforts to build more resilient, inclusive, and sustainable communities.

In the fiscal year 1446/1445H (2024), the Saudi Fund for Development (SFD) signed 17 development loan agreements with 13 countries around the globe, totaling $987.1 million. These agreements aim to support high-priority development projects that advance sustainable growth and underscore the Kingdom of Saudi Arabia’s prominent role in global development assistance.

As detailed in the SFD’s 2024 Annual Report, the funding was distributed across several regions: two loans in Africa amounting to $89.97 million; five in Asia and the Pacific totaling $305.88 million; four in Europe with a combined value of $219.20 million; and six in Latin America and the Caribbean worth $372.95 million.

This expansion marks a significant milestone for the Fund, which extended its reach in 2024 to include five new countries: Saint Kitts and Nevis, El Salvador, Nicaragua, Dominica, and Serbia.

Over the last 50 years, the SFD has played a pivotal role in international development by financing nearly 800 projects and programs in more than 100 countries. The total value of these contributions exceeds $21.59 billion, reflecting the Fund’s long-standing commitment to fostering global prosperity and sustainable progress.