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To What Extent Can the Non-Profit Sector in Saudi Arabia Contribute to Financing Small Projects and Supporting Green Finance?
Abstract
This article examines the extent to which the nonprofit sector in Saudi Arabia can contribute to financing small projects and supporting green finance between 2005 and 2024. In the context of Vision 2030, which aims to diversify the Saudi economy and promote sustainable development, nonprofit organizations (NPOs) are emerging as complementary actors to the public and private sectors. Based on a literature review, statistical data, and local case studies, the article shows that NPOs have gradually expanded their scope of action towards microfinance and the environment. However, their impact remains limited by institutional constraints, limited access to sustainable financing, and weak intersectoral coordination. Recommendations are made to strengthen their capacity to mobilize resources, improve governance, and collaborate with public and private actors to foster more inclusive and green finance.
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