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 Financing of Logistics and Industrial Support Services Projects

Scheme of Financing Industrial and Logistics Support Services Projects:

SIDF's Board of Directors approved the service project financing scheme. It aims to help industrial investors obtain necessary support to create integrated industrial cities for attracting investments, enhancing competition among local industries and serving the sector and industrial cities directly. The following activities are included in the scheme:

Financeable Activities
  • Logistic and Warehousing Projects.

     
  • Model Factories projects.

     
  • Vocational Training Centers.

     
  • Laboratory Facility Centers.

 

Scope of Scheme

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).
  • Ras Al-khair and Jazan industrial cities.
Maximum Financing Limit for a Sigle Project:SR 100,000,000
Financing Ratio (%):(50%) of the financeable costs in all regions of the Kingdom.
Application Conditions:
  • The requirement for an industrial license to be replaced by a permit from the concerned authorities.
  • The project should be owned wholly or partially by the private sector.
  • The project should be financially viable and supported with a feasibility study.
  • The sponsors should be financially strong and ready to provide adequate guarantees.
  • The Fund should be able to mortgage all fixed assets of the project.
  • Land lease agreement should be in line with SIDF requirements.
  • Disbursements to be based on actual cost incurred and paid for.
  • The projects under the scheme should contribute to the service of the industrial sector.
  • SIDF loans for this scheme will follow the same requirements as SIDF's loans to industrial projects with regard to financing cost, repayment period, guarantees needed, disbursements, conditions and covenants whenever is applicable.