Saudi Fund for Development

Overview

Sector

Development Cooperation

Country

Saudi Arabia

SDG

01 - No Poverty, 02 - Zero Hunger, 03 - Good Health and Well-being, 04 - Quality Education, 05 - Gender Equality, 06 - Clean Water and Sanitation, 07 - Affordable and Clean Energy, 08 - Decent Work and Economic Growth, 09 - Industry, Innovation and Infrastructure, 10 - Reduced Inequalities, 11 - Sustainable Cities and Communities, 12 - Responsible Consumption and Production, 13 - Climate Action, 14 - Life Below Water, 15 - Life on Land, 16 - Peace and Justice Strong Institutions, 17 - Partnerships for the Goals

Organization Type

Development Bank

Description

The Saudi Fund for Development was established by the Goveremrnet of Saudi Arabia in 1972. As defined in its charter, the Fund’s main objective is to participate in financing development projects in the developing countries by granting them concessional loans. Its activity is not geographically restricted, and it also deals directly with the governments of the developing countries in order to participate in financing priority development projects. The Fund provides financing priority to the least developed and low-income countries.


 

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Units

Development Projects