Under the auspices of the Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf, and Minister of Commerce and Industry Dr. Tawfiq Al-Rabiah,  SIDF organizes “The Saudi Industrial Development Forum for Promising Regions” scheduled to be held on 22-23 Rabi’1  1436H, 13-14 January 2015 at the Four Seasons Hotel in Riyadh.

 

This Forum, the first of its kind to be held in the Kingdom, is intended to keep pace with the special attention given by the Government of the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz Al Saud - may Allah the Almighty protect him- to accomplish balanced development of all regions Kingdom-wide; and to expand and accelerate prosperity, economic diversification and job opportunities for the Saudi citizens.

 

The Forum participants include a number of ministers, government officials and chief executives of  major Saudi companies and banks as well as international specialized experts.  Over the two days of the gathering, the Forum will focus its  discussions on many significant issues including policies, objectives and requirements of the industrial development for promising areas, and the private sector’s role in regional industrial development. Furthermore, the Forum will highlight the advantages of industrial investment in the promising regions, in addition to review leading international experiences in the regional development.

 

On this occasion, Mr. Ali bin Abdullah Al-Ayed , DG of SIDF stated that “the idea of organizing an industrial development forum for promising regions comes following the successful initiative recently launched by SIDF for fostering the industrial sector in these regions; and as a result of the initiative the promising cities and regions’  share of SIDF loans increased to reach (50%) in terms of number of loans and about (66%) in terms of value of SIDF loans approved by the end of the FY 2013 ".