AUDI, Saudi Fund for Development Sign Cooperation Agreement

The Arab Urban Development Institute (AUDI) has signed a cooperation agreement with the Saudi Fund for Development (SFD) to advance sustainable urban development in Arab cities. The agreement was formalized at the MOMENTUM 2025 Development Finance Conference in Riyadh by H.E. Dr. Anas Mofarreh Almughairy, AUDI Director General, and H.E. Mr. Sultan Abdulrahman Al-Marshad, CEO of SFD.

Reacting to this cooperation agreement, Dr. Almughairy emphasized that the agreement marks a significant step toward supporting shared objectives in the development of Arab cities. It aims to align development initiatives, facilitate the exchange of experiences in urban projects—including housing, transportation, and services—offer specialized training programs in planning, management, and local development, and organize joint knowledge events to advance sustainable urban planning.

Mr. Sultan Al-Marshad stated that the agreement underscores the SFD’s commitment to supporting Arab cities through the development of a portfolio of financeable urban projects. He noted that this includes conducting feasibility studies and impact assessments to ensure high-quality, sustainable projects that align with and advance the objectives of both parties.

The agreement provides for the implementation of joint training programs, the exchange of expertise and urban studies, and the organization of workshops and conferences aimed at strengthening institutional capacities. It also includes support for the development of specialized policies and development plans, contributing to the advancement of sustainable urban development efforts across the region.

Of note, this collaboration reflects the shared adherence of both parties to building effective strategic partnerships that help address future challenges and advance sustainable development in Arab cities, while enhancing the well-being of their communities.