The Saudi National Infrastructure Fund, also known as Infra, has recently established its inaugural Board of Directors following the approval of the National Development Fund (NDF). This board is comprised of several distinguished Saudi and international experts who will be led by Minister of Economy and Planning Faisal Al-Ibrahim. The board members bring a wealth of knowledge and experience in infrastructure finance, development, and delivery to oversee Infra’s efforts in expediting vital infrastructure projects in the Kingdom.
The newly appointed board members include individuals such as Nabeel Alamudi, CEO of Olayan Financing Company, Abdulaziz Alarifi, CEO of the Shareek Program, Stephen Paul Groff, Governor of NDF, Esmail Alsallom, CEO of Infra, Stephanie von Friedeburg, Managing Director of Banking and Capital Markets Advisory at Citigroup Inc., and Marie Lam-Frendo, Chief Strategy Officer at Meridiam SAS. Their diverse backgrounds and expertise will play a crucial role in driving Infra’s mission to provide innovative financial solutions that support increased private sector investment and the successful implementation of Vision 2030.
The establishment of the board marks a significant milestone for Infra, following the approval of the National Infrastructure Fund Law through a Royal Decree earlier in the year. The board’s primary goal is to ensure that Infra continues to prioritize financing and investment activities that support the rapid delivery of essential infrastructure projects in Saudi Arabia. One of Infra’s key focuses has been on committing to large-scale green hydrogen and solar power projects, attracting and maintaining private-sector investments crucial for the success of the nation’s ambitious Vision 2030 agenda.
Infra’s commitment to financing and investing in critical infrastructure projects plays a vital role in driving economic growth and development in Saudi Arabia. By attracting private sector investments, Infra is able to support the Kingdom’s transition towards a more sustainable and innovative economy in line with Vision 2030. The board’s expertise and leadership will be instrumental in ensuring the successful implementation of Infra’s initiatives and the timely delivery of infrastructure projects that are essential for the Kingdom’s long-term development.
The board’s composition reflects a strong emphasis on industry expertise and leadership, positioning Infra to make a significant impact in the infrastructure sector in Saudi Arabia and beyond. With a focus on accelerating the delivery of essential infrastructure projects and supporting private sector investments, Infra is well-positioned to play a key role in driving economic growth and development in the Kingdom. The board’s establishment is a testament to Infra’s commitment to excellence and innovation in providing financial solutions that support the nation’s strategic priorities and vision for the future.
In conclusion, the establishment of the Board of Directors for the Saudi National Infrastructure Fund marks a significant step towards advancing vital infrastructure projects in the Kingdom. With a team of experienced experts at the helm, Infra is poised to drive innovation and excellence in the financing and delivery of infrastructure projects that support the nation’s development goals. The board’s leadership will play a crucial role in ensuring the success of Infra’s initiatives and the timely completion of essential infrastructure projects that are essential for the Kingdom’s economic growth and long-term prosperity.
