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The information that follows has been obtained from a review of
the main industrial sectors, according to the value of loans
committed:
Chemical Industries
Total Amount of Loans
This sector still occupies the leading position among the
various sectors by amount of loan commitments. Since SIDF’s
inception up to the end of the fiscal year 1427/1428H (2007G),
the cumulative value of total commitments to this sector
amounted to SR 25,217 million, representing 38% of total value
of loans approved by the Fund during the period.
Projects Approved During the Report Year: During the fiscal year
1427/1428H (2007G), SIDF approved 32 loans to this sector
representing 33% of the total number of loans approved during
the year. Total commitment to this sector amounted to
approximately SR 3,673 million (43% of all loan approvals during
the year). These loans supported the establishment of 20 new
industrial projects and the expansion of 12 existing projects.
This sector ranks first in terms of both number and value of
loans approved during the report year.
Among the new loans approved to this sector, a loan amounting SR
600 million was approved for a plant in Dammam for the
production of sodium carbonates and calcium chloride. Another
loan of SR 600 million was approved for the construction of an
ethylene aminate plant in Jubail. In addition, a loan amounting
to SR 350 million was approved for the construction of a plant,
also in Jubail, for the production of refined phosphoric acid,
sodium triphosphate, and trisuperphosphate granules. As for
expansion loans, they included a loan for the sum of SR 600
million committed to the expansion of a plant in Jubail
producing methanol and formaldehyde. Two other loans
were approved one of which was for SR 439 million towards the
expansion of a Jubail¬based plant producing industrial gases,
and the other for the sum of SR 433 million for the expansion of
a Yanbu-based plant producing industrial gases.
Projects which Commenced Production during the Year:
This sector ranked third in terms of the number of projects
which commenced production during the year 1427/1428H (2007G)
with a total of 6 projects in Dammam, Riyadh, and Jubail. These
projects involve the manufacture of a variety of products
including woven plastic bags, plastic ropes, plastic tiles,
epoxy coating materials, and plastic nets. Of these six
projects, four involve expansion to existing plants, and two are
new enterprises.
Engineering Industries
Total Amount of Loans
This sector came second in terms of the value of approved loans
since inception of the Fund up to the end of the fiscal year
1427/1428H (2007G). Cumulative commitments extended to this
sector totaled SR 13,766 million representing 21% of total loans
approved by SIDF.
Projects Approved During the Report Year:
SIDF approved 24 loans to this sector amounting to SR 1,784
million, or approximately 21% of the total value of loans
approved during the fiscal year 1427/1428H (2007G). Thus, the
sector came second in terms of the number and value of loans
granted during the year. These loans financed the establishment
of 23 new industrial projects and the expansion of one existing
plant.
Among the loans committed to this sector during the year were a
loan amounting to SR 600 million for the manufacture of seamless
pipes in Jubail, and another for the sum of SR 550 million to
construct a plant in Yanbu for the production of steel billets
and reinforcement of steel bars. In addition, two loans were
approved of which one was for SR 115 million committed towards
the construction of a plant in the Al-Khomrah area of Jeddah for
the manufacture of aluminum cans, and the other for SR 74
million to support the construction of a factory in Jeddah for
the manufacture of steel structures, electricity transmission
poles and towers. Moreover, the Fund committed another loan for
the sum of SR 18 million for the expansion of a Jeddah-based
electric cable factory.
Projects Which Commenced Production During the Report Year:
This sector ranked second in terms of the number of projects
which commenced production during the year 1427/1428H (2007G),
with a total of 11 projects in Riyadh, Jeddah, Dammam and
Jubail. These projects involve the production of steel pipes,
steel pipe/barrel galvanizing, metal cans, steel bars, pump
replacement parts, telephone booths, electric distribution units
and transformation switchgear, mesh flooring galvanization, and
metal cathode manufacturing for corrosion proofing systems.
These projects include 8 new projects as well as three which
involve expansion of existing plants.
Consumer Industries
Total Amount of Loans
This sector occupies third place in terms of the cumulative
value of approved loans. By the end of 1427/1428H (2007G),
cumulative commitments extended to this sector totaled SR 12,069
million representing 18% of total loans approved by SIDF since
inception up to the end of the said period.
Projects Approved During the Report Year:
During the fiscal year 1427/1428H (2007G), SIDF approved 20
loans to this sector totaling SR 849 million representing 10% of
all loans approved during the year. This allocation ranks the
sector fourth in terms of value of approved loans. However, in
terms of the number of approvals, the sector comes third. Loans
extended to this sector assisted in the financing of 10 new
industrial projects and expanding ten existing ones.
Among the new loans extended to this sector, one for SR 54
million was provided for the establishment of a plant in Riyadh
for fruit juice and another for SR 34 million for the
construction of a plant in Jeddah for the production of
carbonated drinks.
Expansion loans included a SR 322 million loan for the expansion
of a dairy plant in Kharj. Another loan for SR 105 million was
extended for the expansion of a factory in Jeddah producing
pies, pastries, and oriental sweets.
Cement Industry
Total Amount of Loans
The amount of loans committed to this sector since inception of
the Fund up to 1427/1428H (2007G) totaled SR 8,615 million or
13% of total loans approved, placing the sector fourth in terms
of amount of loans committed.
Projects Approved During the Report Year
During the fiscal year 2007G, SIDF approved five loans to this
sector totalling SR 1,621 million or 19% of the value of loans
approved, placing the sector third in terms of value of loans
committed during the year. Four loans were advanced to assist in
the construction of new cement factories in Rabegh, Hofuf,
Hazmul Jalameed (north-west of the city of Ar’ar), and Oroug
Al-Mindefin area to the north-east of the city of Najran. As for
the fifth loan, it has been approved for the expansion of a
cement factory in Riyadh.
Projects Which Commenced Production During the Report Year
Four cement projects commenced commercial production during the
year 1427/1428H (2007G) in Riyadh and Najran, of which three are
new projects and one involves expansion of an existing plant .
Other Building Materials
Total Amount of Loans
By the end of 1427/1428H (2007G), the loans SIDF committed to
this sector totaled SR 6,551 million, or 10% of the cumulative
loans approved to industrial projects since inception of the
Fund. Thus, the sector ranked fifth in terms of the size of
loans approved.
Projects Approved During the Report Year:
During the year 1427/1428H (2007G), SIDF approved 14 loans to
this sector totaling SR 510 million or 6% of all loan approvals,
placing the sector fifth in terms of the value of loans approved
during the year. These loans were extended in support of eleven
new projects and the expansion of three existing ones.
Among the new commitments to this sector during the year, a loan
of SR 54 million was extended for the construction of a factory
in Yanbu for the production of precast concrete components.
Another loan amounting to SR 49 million was extended for the
erection of a gypsum plant in Dammam. A third loan for SR 39
million was committed to the construction of a new ready mix
concrete plant in Khobar. As for expansion loans, they included
a SR 66 million loan approved for the expansion of a plant in
Muzahimiya producing red bricks and roofing tiles.
Projects Which Commenced Production During the Report Year:
This sector ranks fourth in terms of the number of projects
which commenced production during the year 1427/1428 (2007G),
with a total of 4 projects in Riyadh, Jeddah, Hofuf, and Najran.
These projects involve the manufacture of red bricks, ceramic
tiles, ceramic sanitary ware, pozzolan powder, and reinforced
fiberglass products. Of these projects, two are new and two
involve expansion of
existing plants.
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