Riyadh – 24 December 2025
The Social Development Bank (SDB) announced the signing of 51 strategic agreements on the sidelines of the “Entrepreneurship and Modern Business Practices Forum, ‘DeveGO25’”. These SDB agreements at DeveGO25 are designed to build an integrated entrepreneurial ecosystem through financial and non-financial solutions for startups and productive families.
The Context: Driving Vision 2030
This milestone aligns with the economic transformation of Saudi Arabia under Saudi Vision 2030. By partnering with local and international entities, SDB aims to diversify support for micro and small enterprises, freelancers, and non-profit organizations.
Why This Matters: Market Impact
The agreements facilitate direct market access and financial sustainability for the Kingdom’s growing entrepreneurial segments:
- Financial Inclusion: A SAR 100 million portfolio with Arab National Bank will support entrepreneur projects.
- Social Impact: SAR 50 million was committed with the Council of Foundations to enhance the sustainability of non-profit organizations.
- Global Access: A partnership with Alibaba aims to support Saudi startups in accessing the Chinese market through specialized training.
Key Takeaways
The forum witnessed the signing of specialized portfolios across multiple sectors:
- Energy and Healthcare: CSR portfolios were signed with ACWA Power and Fakeeh Care Group to support sector-specific innovators.
- Digital Economy: Innovative partnerships with digital platforms like HungerStation and The Chefs will provide digital sales channels through the “Cloud Kitchen”.
- Employment: Agreements with regional chambers and the Royal Commission for Jubail and Yanbu are expected to create over 500 sustainable jobs.
- Education: Accessible financing solutions were established through agreements with major national universities like King Abdulaziz University.
For more details on financial products, visit the SDB Official Site.
