Faisal Al Ibrahim appointed chairman of the National Infrastructure Fund

Faisal Al Ibrahim appointed chairman of the National Infrastructure Fund

Saudi Gazette reportRIYADH — The National Development Fund's Board of Directors, presided over by Crown Prince Mohammed bin Salman, has named Minister of Economy and Planning Faisal Al Ibrahim as the new chairman of the National Infrastructure Fund (INFRA).Expressing his appreciation to the Board of Directors of the National Development Fund, chaired by Prince Mohammed bin Salman, Al Ibrahim affirmed INFRA's unwavering commitment to supporting the Kingdom's economic transformation.He lauded the Kingdom's visionary initiative to empower development funds and banks, positioning them as integral drivers of Saudi Vision 2030. These entities have distinct and impactful mandates spanning various sectors and market segments.Al Ibrahim highlighted INFRA's pivotal role as the Kingdom's primary development financing partner for infrastructure projects. INFRA plays a vital role in mobilizing higher levels of private-sector investments and expediting the delivery of infrastructure projects crucial to the Kingdom's social and economic development.Furthermore, he emphasized INFRA's crucial role in advancing the goals of Saudi Vision 2030, which includes enhancing infrastructure quality and increasing the private sector's contribution to the GDP to 65%.Al Ibrahim also underscored INFRA's commitment to supporting the success of the Saudi Green Initiative, particularly by endorsing projects essential for achieving the Kingdom's 2060 net-zero emissions target.He