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 Financing of Industrial Support Services Program enables Promising Investment Opportunities

 

Attracts Investments and Enhances Competition Among Local Manufacturers

Financing of Industrial Support Services Program enables Promising Investment Opportunities

 

In line with its role and efforts in providing a favourable investment climate for industrial projects, the Saudi Industrial Development Fund (SIDF) offers a unique financing program for logistics and industrial support services projects with a financing ratio of up to (50%) of the financeable costs in all regions of the Kingdom.

Through this financing program, the Saudi Industrial Development Fund aims to create integrated industrial cities that will enhance competition among local industrial players that will further support the national industry development, in line with the Kingdom's Vision 2030

Targeted to investors who are seeking to develop logistics and industrial support services projects which include, warehousing projects and transportation systems within industrial cities, model factories projects, vocational training centers and laboratory facility centers, the program offers a promising investing opportunity encouraging potential investors to serve the sector and industrial cities directly.

To further enhance its competitiveness,  SIDF expanded the scope of its scheme to cover industrial cities located in the Economic Cities Authority, Royal Commission for Jubail and Yanbu, General Authority of Civil Aviation, Saudi Ports Authority, Saudi Railways Organization, Saudi Industrial Property Authority (MODON), and Ras Al-khair and Jazan industrial cities.

To ensure its economic viability, SIDF undertakes a comprehensive evaluation of the financeable projects that demonstrated potential for high levels of growth and success. Additionally,  SIDF requires applicants to obtain an industrial license or it could be replaced by a permit from the concerned authorities.

With the huge development of the Kingdom's Industrial base, the logistics and industrial support services financing program will serve as a major contributor to support and enhance the development of industrial sector of the Kingdom.

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