In support of trends of increasing spending on local content and contributing to achieving the goals of the Kingdom's Vision 2030, SIDF launched the "Tawteen" program. Set to facilitate, enhance, and finance supply chain localization opportunities of the Kingdom’s industrial sector. To achieve this, SIDF established partnerships with leading companies in the Kingdom of Saudi Arabia to enable the switch to source locally manufactured products and spare parts. Through preferential financing solutions, the Tawteen program will help stimulate investment activities and support the national and local content strategy.
In alignment with the national vision towards local content, Tawteen program was created as a qualitative step in the national economy. The program designed to support and boost the direction of increasing local content spending and to contribute towards Vision 2030 objectives. The program developed number of partnerships, services, and product to achieve its goals. The program works on facilitate, promote, and finance the supply chain localization opportunities, as well as, support all efforts to increase local content spending percentage.
To achieve industrial integration in the supply chain, reduce dependence on international suppliers, contribute to spurring investment ventures.