The Saudi Industrial Development Fund has participated in the second Supply Chain and Logistics Conference in the presence of His Excellency Minister of Transport Dr. Nabil bin Mohammed Al Amoudi from the 15th to the 16th of October at the Four Seasons Hotel in Riyadh.
The conference is an important opportunity to exchange views, ideas and experiences on the latest methods and best practices to improve the performance of supply chains and improve their efficiency and develop the logistics sector in order to achieve the vision of the Kingdom 2030 in making the Kingdom a global logistics center with the help of a number of government agencies. The conference also sheds lights on the importance of promoting constructive partnerships and cooperation between the public and private sectors along with the upcoming projects in the near future.
The Fund provides a financing program to support industrial services projects to attract investments and create enough competition for manufacturers through integrated industrial areas. The program also finances warehouse and transport projects and model factories, as well as training centers and laboratories in the areas of the Economic Cities Authority, the Royal Commission for Jubail and Yanbu, the General Authority of Civil Aviation, the Saudi Ports Authority, the Saudi Railways Organization, the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the Industrial Cities in Ras Al Khair and Jazan.
It is worth noting that the Fund has launched 40 initiatives to lead the industrial transformation, including a number of new products and financing programs to meet the needs of investors in various industrial sectors. Two of those programs are "Financing the Improvement of Energy Efficiency" and "Financing Digital Transformation". These programs aim to support the current manufacturing base to improve energy efficiency, reduce cost and improve productivity.