SFD participates in IIF G20 Conference in Riyadh

SFD sponsored the International Institute of Finance (IIF) G20 Conference and participated in a panel discussion at the event, held in Riyadh.
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Updated 04 March 2020
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SFD participates in IIF G20 Conference in Riyadh

As part of the Saudi Fund for Development’s (SFD) contribution to Saudi Arabia’s Vision 2030 and the Kingdom’s G20 presidency, SFD sponsored the International Institute of Finance (IIF) G20 Conference and participated in a panel discussion at the event, held in Riyadh. 

The Just Transition framework discussed at the conference is closely aligned with SFD’s strategic ambition in financing international development projects, and in line with Saudi Arabia’s G20 presidency, and Vision 2030 objectives. The Just Transition framework is a natural progression for SFD and the projects it supports, as the framework seeks to ensure developing nations are included in the conversation surrounding the move toward impactful projects that support sustainable development. 

Faisal Al-Kahtani, acting director-general, operations department, said: “Four sustainability-related issues fall under the broader Saudi G20 agenda: Carbon emission, water stress, food safety, and affordable, sustainable energy. SFD has been supporting projects in these areas since 1975. SFD looks at a nation’s critical needs, whether those be in energy, water or other principal development areas and works to finance projects which address a particular need, in line with the UN Sustainable Development Goals.”

SFD has supported renewable energy initiatives in seven African countries, most recently the Samendini Dam in Burkina Faso, which was financed alongside other development partners.

Since 1975, SFD has provided official development assistance (ODA) for more than 1,000 projects in 85 countries through a combination of loans and grants. 


iCAUR V27 conquers city roads with new energy technology

Updated 23 February 2026
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iCAUR V27 conquers city roads with new energy technology

A media test drive event focused on premium on-road driving was held in Jeddah. On Feb. 5, iCAUR invited representatives from media outlets, including leading automotive outlet Motory, to take part in an in-depth driving experience featuring the all-round hybrid SUV V27 across urban roads and intercity highways.
Guests gathered at Jeddah’s premium landmark, Millionaire Restaurant, where the iCAUR Saudi Arabia team introduced the V27’s design philosophy and key technologies. Open discussions followed, helping members of the media gain a clearer understanding of iCAUR’s brand vision and the V27’s core strengths ahead of the test drive.
The test drive route covered urban roads in Jeddah as well as inter-city highways leading to King Abdullah Economic City, providing an ideal setting to evaluate the V27’s on-road performance across varied conditions. During long-distance highway driving, range and power remain key considerations, and the iCAUR V27 demonstrated solid on-road performance. As the brand’s first mass-production model equipped with the Golden REEV system, the V27 features a dedicated 1.5T range-extender engine with a thermal efficiency of 45.79 percent. It generates 3.71 kWh of electricity per liter of fuel and delivers a combined range of over 1,000 km, effectively addressing long-distance travel concerns.
On city streets with moderate traffic, the V27 impressed with its smooth and quiet ride. The electric motors deliver responsive, linear acceleration, with seamless start-stop performance that keeps driving relaxed even in traffic. Once on open intercity highways, pressing the accelerator fully unleashes 455 hp from the dual motors, propelling the SUV from zero to 100 km/h in about five seconds. Overtaking and lane changes feel effortless, with no hint of lag at any point.
Even more impressive, this five-meter-long SUV, with a chassis tuned by the internationally renowned racing team Prodive and equipped with an intelligent all-wheel drive system, maintained precise handling at high-speed corners. The steering felt responsive and refined, while the suspension offered solid support, completely defying the typical perception of large SUVs as cumbersome. “I didn’t expect such a large SUV to handle so nimbly — it was enjoyable to drive from start to finish,” one media guest remarked after the test drive. “The intelligent cockpit exceeded all expectations, making long-distance driving both comfortable and enjoyable!”
During the test drive, several media representatives praised the V27’s Stellar Cockpit. The 15.4-inch 3K HD touchscreen delivers crisp, detailed visuals, while the smart infotainment system powered by the 8155 chip ensures smooth operation comparable to a premium tablet, with seamless swiping and no lag. Meanwhile, a temperature-controlled armrest compartment, along with ventilated and heated seats precisely calibrated to the driver’s comfort, kept the driving experience enjoyable throughout the long-distance journey.
Previous test drives at Riyadh’s Edge of the World demonstrated the V27’s off-road capabilities under challenging conditions. The Jeddah media test drive, however, offered a first-hand experience of the V27’s impressive performance in city commuting and intercity highway scenarios. It not only overcomes the typical trade-off between power and range found in conventional new energy vehicles but also seamlessly combines intelligent technology with precise handling, meeting the key expectations of Saudi drivers for on-road performance.
As a model tailored for the Middle East market, the iCAUR V27 made its global debut in the UAE on Feb. 8, followed by a launch in Bahrain on Feb. 10. The arrival of the V27 is expected to bring fresh energy and new possibilities to the region’s premium new energy mobility segment.