Crown Prince: Saudi Arabia Has Contributed $6Bln to Support 200 Development Projects in 60 Countries

Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, (C-R) stands with French President Emmanuel Macron (C-L) for a group photo together with other heads of state participating in the One Water Summit in the capital Riyadh on December 3, 2024. (AFP)
Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, (C-R) stands with French President Emmanuel Macron (C-L) for a group photo together with other heads of state participating in the One Water Summit in the capital Riyadh on December 3, 2024. (AFP)
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Crown Prince: Saudi Arabia Has Contributed $6Bln to Support 200 Development Projects in 60 Countries

Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, (C-R) stands with French President Emmanuel Macron (C-L) for a group photo together with other heads of state participating in the One Water Summit in the capital Riyadh on December 3, 2024. (AFP)
Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, (C-R) stands with French President Emmanuel Macron (C-L) for a group photo together with other heads of state participating in the One Water Summit in the capital Riyadh on December 3, 2024. (AFP)

Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, said on Tuesday that the Kingdom has contributed USD6 billion in supporting 200 water-related projects in over 60 developing countries around the world.

He spoke at the One Water Summit in Riyadh that was attended by French President Emmanuel Macron, Kazakhstan’s President Kassym-Jomart Tokayev and several ministers and officials.

The summit is jointly chaired by Saudi Arabia, France and Kazakhstan, and president of the World Bank. It underscores Saudi Arabia’s pioneering international role in confronting water challenges across the world and its commitment to sustainable environment issues.

The Kingdom has for decades demonstrated its pioneering role in producing, transporting and distributing water and coming up with innovative solutions to address challenges related to it.

Crown Prince Mohammed noted that the world is facing growing water problems given the rise in drought levels. Water scarcity will lead to several crises, such as desertification, which may threaten human life and societies.

He therefore stressed the need for joint work to set plans to ensure sustainable sources of water.

The Kingdom is preparing to host the 11th round of the World Water Forum in 2027 in cooperation with the World Water Council, he remarked. The council has already set up its global headquarters in Riyadh with the aim to develop and integrate international efforts to tackle challenges in a more comprehensive way.

Moreover, Crown Prince Mohammed noted that the One Water Summit is being held while Saudi Arabia is hosting the 16th session of the Conference of the Parties (COP16) of the United Nations Convention to Combat Desertification (UNCCD).

The One Water Summit aims to contribute to the ongoing United Nations discussions and process to boost global water governance, accelerate action on SDG6 on water and sanitation, building on the momentum of the UN Water Conference in 2023. It also aims to act as an incubator for solutions, in preparation for the next UN Water Conference in 2026.

The One Water Summit’s ambition is to scale-up projects by stimulating partnerships between states, international organizations, local authorities, development and private banks, businesses, philanthropies, scientific experts, NGOs and civil society, in line with previous One Planet Summits.



Saudi Social Development Bank Surpasses $43.2 Billion in Total Financing

Prince Faisal bin Bandar bin Abdulaziz during the launch of “Jada 30” at the Social Development Bank’s 53rd anniversary celebration (Asharq Al-Awsat)
Prince Faisal bin Bandar bin Abdulaziz during the launch of “Jada 30” at the Social Development Bank’s 53rd anniversary celebration (Asharq Al-Awsat)
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Saudi Social Development Bank Surpasses $43.2 Billion in Total Financing

Prince Faisal bin Bandar bin Abdulaziz during the launch of “Jada 30” at the Social Development Bank’s 53rd anniversary celebration (Asharq Al-Awsat)
Prince Faisal bin Bandar bin Abdulaziz during the launch of “Jada 30” at the Social Development Bank’s 53rd anniversary celebration (Asharq Al-Awsat)

The Saudi Social Development Bank has announced that its total financing since inception has exceeded SAR162 billion (USD43.2 billion), benefiting more than 10 million citizens and playing a vital role in the Kingdom’s social and economic transformation.

The announcement was made by Minister of Human Resources and Social Development and Chairman of the Bank’s Board, Eng. Ahmed Al-Rajhi, during the bank’s 53rd anniversary celebration held on Monday in Riyadh.

The event was held under the patronage and in the presence of Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, and marked the launch of the “Jada 30” initiative.

Prince Faisal commended the bank’s achievements over the past five decades, highlighting its impact in empowering citizens and advancing national development goals in line with Saudi Vision 2030.

In turn, Al-Rajhi emphasized the bank’s ongoing commitment to supporting development pathways and empowering individuals and communities. He reaffirmed the bank’s role as a key driver of financial and social inclusion across the Kingdom.

As part of the celebration, the bank unveiled “Jada 30,” a new initiative designed to foster entrepreneurship and support small and emerging businesses. Bank CEO Eng. Sultan bin Abdulaziz Al-Humaidi described it as a strategic leap forward in enhancing the entrepreneurial environment.

“Jada 30” transforms traditional bank branches into dynamic development hubs and business incubators, aimed at nurturing a vibrant entrepreneurial ecosystem. The initiative provides a comprehensive range of services - including financing, training, and mentorship - to help entrepreneurs launch and scale their businesses.

Since its launch, “Jada 30” has hosted in Riyadh more than 300 startups and supported over 5,800 participants, underscoring its tangible impact on youth empowerment and the promotion of a self-employment culture.

The event also witnessed the signing of several key development agreements, including a partnership with the General Authority for Awqaf and the Charitable Associations Support Fund to establish a SAR50 million financing portfolio to boost the nonprofit sector.

Further, the bank signed two agreements with Arab National Bank and Banque Saudi Fransi to create a combined SAR100 million in financing portfolios aimed at supporting entrepreneurs and emerging enterprises.

Additional agreements were inked with Alinma Bank and Arab National Bank to launch a new Freelance Work Card, offering freelancers greater access to banking services and financing options.