Mission of the National Growth Fund
The National Growth Fund allocates funds to projects that have the highest potential to contribute to our national earning capacity, leading to sustainable and structural economic growth. This ultimately benefits society as a whole. As economic growth increases, it raises the disposable income of our citizens, enabling the government to continue investing in healthcare and education.
The need for the fund
Our country faces major challenges. Production stagnates, and our population is ageing. Furthermore, economic competition from other countries intensifies, and we must take steps action to combat climate change.
Prosperity may seem guaranteed, but it is not. We must continue to work on enhancing our economy to remain an attractive country with high living standards and business potential. There are many areas where people collaborate on projects, paving the way for innovation and improvement.
The National Growth Fund allocates invests in projects with the highest potential to contribute to structural economic growth, working closely with project initiators and other investors.
A proposal assessment advisory committee has been established to manage the National Growth Fund’s affairs. This independent committee assesses submitted project applications, based on a set of primary conditions and criteria, with the help of external experts. The committee then issues a recommendation to the government about project grants.
The committee then issues a recommendation to the government regarding project grants.