His Excellency Faisal F. Alibrahim appointed Chairman of the National Infrastructure Fund
H.E. Faisal Alibrahim appointed Chairman of Infra, reinforcing its role in driving Saudi infrastructure, boosting private investment, and supporting Vision 2030 and net-zero goals.
February 07, 2024
The National Development Fund’s Board of Directors, under the Chairmanship of His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, appointed His Excellency Faisal F. Alibrahim as Chairman of the National Infrastructure Fund (Infra).
Reflecting on his appointment, His Excellency Alibrahim conveyed his gratitude to His Royal Highness the Crown Prince and reaffirmed Infra’s support to the Kingdom’s economic transformation. He also praised the country’s Leadership for enhancing the role of the Kingdom’s development funds and banks by positioning these as integral enablers of Saudi Vision 2030, with distinct and impactful mandates across multiple sectors and market segments.
His Excellency described Infra as the Kingdom’s lead development financing partner for infrastructure. Infra catalyzes higher levels of private sector investment to accelerate the delivery of infrastructure projects critical to the Kingdom’s social and economic transformation. His Excellency emphasized that Infra will play a vital role supporting the success of Saudi Vision 2030, enhancing the quality of the Kingdom’s infrastructure and increasing private sector contribution to GDP to 65%.
In addition, His Excellency highlighted Infra's commitment to the success of the Saudi Green Initiative by supporting projects essential to achieving the Kingdom’s 2060 net zero emissions target.
His Excellency added:
“Infra's strategy will chart a clear path towards crowding-in higher levels of private sector financing for infrastructure, through deploying a broad and flexible offering and supporting the Kingdom to become a key global investment destination for this important asset class.”
In his concluding remarks, His Excellency stated:
“Infra, by driving productivity-enhancing investments in infrastructure, is an important enabler of the Kingdom’s goals of diversifying the economy, crowding-in the private sector, creating new job opportunities and attracting international investment and expertise.”
His Excellency Alibrahim’s appointment as the Chairman of the Board of Directors of the National Infrastructure Fund (Infra) further expands his government portfolio. He already serves as the Minister of Economy and Planning, General Supervisor of the Secretariat of the Council of Economic and Development Affairs (CEDA), Chairman of the Board of Directors of the General Authority for Statistics, and a board member of other related entities.
Reflecting on his appointment, His Excellency Alibrahim conveyed his gratitude to His Royal Highness the Crown Prince and reaffirmed Infra’s support to the Kingdom’s economic transformation. He also praised the country’s Leadership for enhancing the role of the Kingdom’s development funds and banks by positioning these as integral enablers of Saudi Vision 2030, with distinct and impactful mandates across multiple sectors and market segments.
His Excellency described Infra as the Kingdom’s lead development financing partner for infrastructure. Infra catalyzes higher levels of private sector investment to accelerate the delivery of infrastructure projects critical to the Kingdom’s social and economic transformation. His Excellency emphasized that Infra will play a vital role supporting the success of Saudi Vision 2030, enhancing the quality of the Kingdom’s infrastructure and increasing private sector contribution to GDP to 65%.
In addition, His Excellency highlighted Infra's commitment to the success of the Saudi Green Initiative by supporting projects essential to achieving the Kingdom’s 2060 net zero emissions target.
His Excellency added:
“Infra's strategy will chart a clear path towards crowding-in higher levels of private sector financing for infrastructure, through deploying a broad and flexible offering and supporting the Kingdom to become a key global investment destination for this important asset class.”
In his concluding remarks, His Excellency stated:
“Infra, by driving productivity-enhancing investments in infrastructure, is an important enabler of the Kingdom’s goals of diversifying the economy, crowding-in the private sector, creating new job opportunities and attracting international investment and expertise.”
His Excellency Alibrahim’s appointment as the Chairman of the Board of Directors of the National Infrastructure Fund (Infra) further expands his government portfolio. He already serves as the Minister of Economy and Planning, General Supervisor of the Secretariat of the Council of Economic and Development Affairs (CEDA), Chairman of the Board of Directors of the General Authority for Statistics, and a board member of other related entities.