Jeddah, Saudi Arabia — The Arab Coordination Group (ACG) allocated $19.6 billion in funding in 2024, supporting over 650 development projects across more than 90 countries. This announcement came during the ACG’s 20th Annual Meeting held in Jeddah. The funds targeted global priorities such as infrastructure development, food security, and international trade.
Arab Coordination Group Prioritizes Sustainability and Trade
The ACG, a coalition of top Arab development institutions, is the world’s second-largest development financing bloc. In 2024, it directed most of its investments toward energy, agriculture, and finance. It also backed projects that improved trade logistics, supported small and medium-sized enterprises, and facilitated the movement of essential goods.
Dr. Bandar Hajjar, President of the Islamic Development Bank (IsDB), stressed the bank’s commitment to Africa. He emphasized the importance of energy transition, stronger agriculture, and expanding trade. His message reinforced the ACG’s broader strategy for sustainable growth and regional collaboration.
Focus on Arab Development Aid and Africa’s Infrastructure
A major theme at the meeting was strengthening Arab-African cooperation. Delegates presented plans to improve food systems, ensure energy security, and empower vulnerable communities. The agenda included specific support for women, youth, and climate adaptation, as well as efforts to boost private sector development.
The ACG also confirmed its role in financing green initiatives. Its members are investing in renewable energy and working to strengthen food supply chains in regions most at risk from climate change.
Better Coordination for Greater Development Impact
ACG leaders agreed to improve coordination between member institutions. They aim to boost efficiency through joint planning, shared financing models, and expanded knowledge exchange. These steps will help speed up progress on global development goals, especially in fragile economies.
By mobilizing long-term capital for targeted infrastructure and resilience-building, the group continues to push for inclusive growth across the Global South.
The Saudi Standard’s View: ACG Shows Strategic Maturity in Global Development Leadership
The Arab Coordination Group’s $19.6 billion in funding represents more than financial scale. It signals the bloc’s growing maturity in global development leadership. By aligning capital with sustainability goals, the ACG proves its dedication to long-term solutions and economic resilience.
Its targeted investment in Africa’s infrastructure and food systems shows a clear grasp of development multipliers. Rather than scattering aid, the ACG promotes unified strategies that build self-sufficiency and deepen regional ties.
Saudi Arabia’s role as host adds significance. It reflects the Kingdom’s growing influence in shaping Arab development finance. Saudi leadership is steering the conversation toward results-based financing and deeper regional engagement.
For the Arab world, this moment is not just about influence—it is about leading through purpose, strategy, and economic stewardship.
