National Development Fund (Saudi Arabia)

The Saudi Arabian National Development Fund (NDF) is a sovereign wealth fund established to support the country's long-term economic growth and diversification. It invests revenue generated from oil and other sources to fund strategic projects, develop non-oil industries, and promote economic stability. The NDF aims to reduce Saudi Arabia's reliance on oil, create jobs, and foster sustainable development. It acts as a financial buffer, helping the nation manage resource fluctuations and invest in initiatives that secure future prosperity.