Saudi Fund for Development finances 240 projects in 42 countries

Updated 01 December 2019

Saudi Fund for Development finances 240 projects in 42 countries

  • SFD increased its contribution to the Kingdom’s Vision 2030 by supporting local content

RIYADH: The Saudi Fund for Development (SFD) became a major pillar of the national economy during the past five years by supporting Saudi exports and financing the private sector with SR29.7 billion ($7.92 billion) in funding, says a report issued by the SFD.

In accordance with its strategy, SFD increased its contribution to the Kingdom’s Vision 2030 by supporting local content when implementing its projects, and hiring Saudi consultants and contractors at a total cost of SR5.12 billion.

In light of the Kingdom’s contribution to the achievement of economic and financial objectives in developing countries, SFD provided grants and loans amounting to more than SR44 billion to finance 240 projects in 42 countries, the report said

The SFD’s main objectives are to participate in financing uplift projects in developing countries by granting them necessary loans, technical aids required for financing studies and institutional support.

Since the launch of the fund in the 1970s, it has financed programs in different economic sectors including transportation, agriculture and energy.


Abdullah bin Mufreh Al-Dhayabi, president of Tabuk University

Updated 11 December 2019

Abdullah bin Mufreh Al-Dhayabi, president of Tabuk University

  • Al-Dhayabi began his academic career as a lecturer at KAU
  • Al-Dhayabi is a member of the higher committees for female colleges in the Kingdom

RIYADH: Dr. Abdullah bin Mufreh Al-Dhayabi has been the president of Tabuk University since October 2017.

Prior to that, he was the deputy head of educational affairs at King Abdul Aziz University (KAU) in Jeddah, where he served in the position for one year. 

He has also been the chairman of the promotion and job competition committee, as well as the safety committee, at Tabuk University since November 2012. 

Al-Dhayabi began his academic career as a lecturer at KAU, where he received his bachelor’s degree in mathematics from the College of Science. 

He later traveled abroad to pursue his higher education, earning his master’s degree in mathematics from the University of Missouri, US. He obtained his doctorate from the University of Birmingham, UK.

After that, he returned to the Kingdom and joined KAU as an assistant professor. He remained in that position from 2005 to 2010, then served as an associate professor between 2010 and 2014.

Al-Dhayabi is a member of the higher committees for female colleges in the Kingdom and the community colleges higher committee at the Ministry of Higher Education.

He congratulated King Salman on the release of the government’s annual budget for 2020.

“Approximately one-fifth of the budget is allocated to education, which reflects the leadership’s keenness to invest in the human element through education and training ... to open new horizons and job opportunities for Saudi youth and encourage them to invest in the diverse resources in the Kingdom,” Al-Dhayabi said.