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SIDF has assumed, since its inception, a leading role in the achievement of
goals as well as the formulation of policies and programmes geared to assisting
the private sector in the process of industrial conversion. Financial support
in the form of soft loans provided by SIDF represents one of its major
supportive functions in encouraging industrial development in the Kingdom. The
favorable response of the private sector has had a significant influence on
the establishment and expansion of the industrial base. Besides the provision
of loans, SIDF provides borrowers with a variety of technical, administrative,
financial and marketing consultation services, which, in turn, help to raise
the level of their performance and overcome obstacles.
The role of SIDF in industrial development requires verification and
confirmation of the feasibility of the macro and micro economic implications of
borrowers' projects. It also calls for the increase of projects potential of
success through optimum allocation of invested capital. Among SIDF's prime
objectives in the context of industrial development in the Kingdom are;
- The achievement of a good return on investment
- A suitable added value
- Replacement of imports by local products
- Promotion of non oil industry related exports
- Realization of industrial integration
- Creation of employment opportunities for Saudi nationals
- Exploitation of the Kingdom’s natural resources and raw materials
- The attraction of foreign capital as well as the transfer of technology
- Protection of the natural environment
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