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January 26, 2025, AlUla

In the presence of His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, the Saudi Fund for Development (SFD), represented by its CEO, Mr. Sultan bin Abdulrahman Al-Marshad, signed a Memorandum of Understanding (MoU) with Cassa Depositi e Prestiti S.p.A (CDP), represented by its CEO and General Manager, Mr. Dario Scannapieco, to enhance joint development cooperation between the two entities.


The MoU aims to establish and strengthen a framework for collaboration in socio-economic development across vital sectors in shared partner countries. It focuses on exchanging expertise and knowledge, marking a significant step toward fostering growth in developmental sectors. This initiative contributes to achieving sustainable development goals, advancing global development efforts, implementing best practices in co-financing, and maximizing developmental impact to support the growth and prosperity of developing nations worldwide.


Since its establishment in 1974, the SFD has been committed to supporting sustainable development across developing countries worldwide. Notably, the SFD has financed over 800 development projects and programs, with a total value exceeding $20 billion across more than 100 developing countries. These projects span vital sectors that directly impact communities.