Supporting the National Infrastructure Fund

In alignment with the Kingdom's Vision 2030, these advancements are facilitated by significant government investments and the welcoming of foreign investments, resulting in substantial progress. Infrastructure engineering serves as the foundation for building cities and civilizations. The Kingdom aims to improve quality of life and achieve population sustainability by renovating dilapidated infrastructure, and blossoming future investment opportunities domestically and globally.

According to the Global Infrastructure Index survey covering 27 countries, Saudi Arabia ranked second globally in the fifth edition of the Global Infrastructure Index in 2020.

The Kingdom places great emphasis on enhancing infrastructure efficiency, including the establishment of the National Infrastructure Fund, one of the development funds and banks affiliated with the National Development Fund. The Fund intends to support projects with a total value of up to 200 billion Saudi riyals over the next ten years. This will accelerate the development and growth of the gross domestic product, create new job opportunities, improve road networks, railways, and electricity supplies, provide road safety programs, enhance security capabilities through digital security and mechanisms, and strengthen social ties to interact with these targets. This builds an advanced industrial sector that enhances the competitiveness of the national economy, aligning with the Kingdom's vision to attract investors and stimulate economic growth, leading to the creation of modern job opportunities, a cornerstone of quality of life.

In conclusion, we highlight Crown Prince Mohammed bin Salman's focus on the Kingdom's investment prosperity and substantial support to pave the way for national companies and collaborations with international firms. The approval of the Saudi Privatization Program by the Shura Council aims to enhance citizens' quality of life. This forms the foundation for continuous spending on infrastructure in the Kingdom. We take pride in the Kingdom's tremendous progress and commend Saudi Arabia for achieving the second rank in the Global Infrastructure Index after China. This is the result of significant support across various sectors and companies.