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RIYADH: King Abdulaziz University hosted Stephen Groff, the National Development Fund’s governor, in a panel discussion at the Academic Dialogue Table organized by the Faculty of Economics and Administration.

Groff discussed the role of the NDF and the broader development ecosystem in achieving Saudi Vision 2030, in an event also attended by Dr. Tareef Al-Aama, the university’s president.

Groff said that the fund aimed to enhance developmental impact and improve productivity, highlighting the key strategic priorities and ongoing initiatives being provided to entities under the fund’s umbrella, such as economic diversification and growth stimulation.

He added that the NDF contributed to creating sustainable job opportunities as well as supporting small and medium-sized enterprises and entrepreneurship.

Groff stressed that one of the fund’s core missions was to develop infrastructure by financing large-scale projects in sectors such as transportation, housing, and public utilities through its affiliated entities, including the recently established National Infrastructure Fund.

He explained that the primary mission of the fund, as a development finance institution, was to empower development funds and banks to achieve their sector-specific objectives, beneficiary goals, and activity targets, while focusing on specific areas and ensuring the financial sustainability of development finance entities in the future.

He concluded by stressing the critical role of the fund in reviewing and evaluating the impact of every program, project, or initiative aimed at addressing developmental needs, economic priorities, challenges, and available opportunities.

BEIRUT: Secretary-General of the Gulf Cooperation Council Jasem Albudaiwi met with President of Lebanon Joseph Aoun at the Presidential Palace in Baabda, Beirut on Friday.

Albudaiwi wished the president success in his efforts to uplift the Lebanese people and fulfill their aspirations, the General Secretariat wrote in a report.

He added that the meeting reaffirmed the GCC’s unwavering support for Lebanon, stressing its commitment to bolstering Lebanon’s security and stability and contributing to the sustainable development and prosperity of the Lebanese people.