The National Technology Development Program plays a key role in accelerating the growth of Saudi Arabia’s technology sector by improving access to capital and fostering private-sector participation in innovation.

Through its comprehensive Funding Wallet, NTDP manages a portfolio of four key financial products: Fuel, LendTech, Loan Guarantee, and Venture Debt, each designed to address a specific financing gap in the technology ecosystem. Together, they form an integrated portfolio that enables Saudi tech companies to secure the funding they need to innovate, expand, and compete globally.

NTDP’s Comprehensive Financing Approach

NTDP’s funding portfolio supports technology companies at all stages of growth, from early startups to established firms, by public capital and encouraging private sector involvement . The program’s core principles include:

• Facilitating venture and growth capital through fund partnerships.
• Expanding access to debt financing for micro, small and medium sized enterprises (MSMEs).
• Reducing lending risk through the loan guarantee model.
• Encouraging private-sector and institutional participation to strengthen the national innovation environment.

This holistic approach ensures that financial support reaches companies across various maturity levels while mobilizing private capital to sustain long-term technological development.

NTDP’s Funding Wallet Products and Partners

1. Fuel

Partner: Saudi Venture Capital Company (SVC) The Fuel Initiative is designed to stimulate investment in deep and emerging technologies by channeling funding through venture capital funds. Launched in 2025, the product has enabled support for five venture capital funds, leading to investments in 10 deep tech companies.

2. LendTech

Partner: Social Development Bank (SDB) LendTech allows micro, small and medium-sized technology companies to obtain financing suitable for startups and early stage, with financing of up to 8.5 million Saudi Riyals. Operated in partnership with the Social Development Bank (SDB), LendTech seeks to enhance growth financing in the market by offering agile and tech-enabled funding solutions tailored to the needs of innovative tech startups and SME’s, complementing and accelerating their access to capital. This product helps companies obtain working capital and expansion without diluting ownership.

3. Loan Guarantee

Partner: Kafalah Program The Loan Guarantee product supports micro, small, and medium-sized technology companies by providing financial guarantees of up to 90% of the financing value required from banks and financial institutions, up to 15 million Saudi Riyals. In partnership with the Kafalah Program, the Loan Guarantee reduces risk for lenders, encouraging them to extend financing to tech SMEs that might otherwise lack sufficient collateral or credit history.

4. Venture Debt

Partners: Saudi Technology Ventures (STV) Venture Debt provides non-dilutive funding for fast-growing technology companies that have already raised at least a Series A investment. It offers startups an expansion option without giving up ownership. In partnership with Saudi Technology Ventures (STV) and its Non-Dilutive Investment in Callable Equity (NICE) Fund, the program delivers customized debt solutions to help technology businesses scale effectively.

Program Outcomes and Sector Impact

The National Technology Development Program (NTDP) has established a comprehensive financial framework that strengthens Saudi Arabia’s technology ecosystem and broadens access to capital. By aligning public resources with private-sector investment through initiatives such as Fuel, LendTech, Loan Guarantee, and Venture Debt, the program bridges key funding gaps that have traditionally limited the growth of technology enterprises.

To date, NTDP-supported financing initiatives have provided SAR 3.1 billion in total financial support to 441 technology companies, with the largest share of funding directed to firms operating in Business Solutions, Information and Data Management, Cybersecurity, and Cloud Solutions, reflecting the program’s focus on sectors with high strategic and economic value. The supported companies closed investment rounds totaling to SAR 722 million, created more than 9,500 jobs, and have contributed SAR 3.7 billion to GDP.

These outcomes demonstrate NTDP’s effectiveness in mobilizing private capital, reducing barriers to financing, and ensuring balanced support across the technology ecosystem. By enabling companies to access funding, expand operations, and invest in innovation, NTDP continues to play a central role in advancing Saudi Arabia’s broader objectives of economic diversification, digital transformation, and sustainable technological growth.