The Saudi Industrial Development Fund (SIDF) and global business software company SAP have announced a strategic partnership to develop technology applications and solutions. Through the partnership, the Industrial Fund seeks to adopt SAP's advanced technologies in the fields of planning, support and business intelligence for enterprise resources, in order to optimize the use of modern technologies and the appropriate employment of them in all transactions and make them easier and more convenient for beneficiaries and those wishing to benefit from the services of the Industrial Fund. Engineer Ahmed bin Mohammed Al-Suwayan, Assistant Director General for Strategic Planning and Information Technology, stated that the Industrial Fund is working to develop its products and services by adopting the best technical solutions to provide distinguished expertise to investors in the industrial sector, and the Fund is working to review policies and procedures to support and diversify the Saudi economy to contribute to the formation of industrial sectors, develop competitive institutions and support strategic initiatives to achieve the vision of the Kingdom of Saudi Arabia 2030. «Manufacturing is the cornerstone of the Kingdom's diversified economic growth, and SAP's partnership with SIDF is in line with our long-standing support for public sector innovation and digital transformation at the national level.»

Ahmed Al-Faifi, CEO of SAP Saudi Arabia, noted that manufacturing is the cornerstone of the Kingdom's diversified economic growth and that SAP's partnership with SIDF is in line with our long-standing support for innovation in the public sector and digital transformation at the national level.