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 Financing of Projects in The Promising Cities

The Fund’s Board​ of Directors approved financing rules for local projects inside promising​​​​​​​​ cities and regions, as shown b​elow:
CategoryCityMaximum loan termSIDF loan percentage (%)

First Category

Including major cities of Riyadh, Jeddah, Dammam, Jubail, Makkak, Yunbo and Ras Al-Khair.

15 years

50%

Second Category

Including the cities of some economic advantages, namely  Qassim, Al-Ihssa, Rabigh, Taif, Kharj Industrial City, Sudair Industrial City, Madinah, (except Yunbou)  

20 years

60%

Third category

Including economically Promising​ cities such as Hail, Northern boarders, Jouf, Tabouk, Jizan, Najran, Al-Baha and Assir. In addition to cities that are located no less than 150 kilometers from the centers of major cities and no less than 70 kilometers from the nearest industrial city of the seco​nd category.

20 years

75%