The Board of Directors of the Saudi Industrial Development Fund (SIDF), chaired by Eng. Khalid bin Abdulaziz Al-Falih, approved the financing of 30 industrial projects worth more than 900 million riyals, with the aim of promoting and supporting the national industry, providing all necessary means in advancing industrial progress and prosperity, diversifying the economic base in the Kingdom, and overcoming the obstacles facing them in the future.

The Board of Directors of the Fund confirmed that it is currently working to develop new financing products and enhance its important role in the coming period to stimulate the industrial sector by financing and providing consultations to increase investment in this vital sector and contribute to supporting the wheel of industrial progress and prosperity, in order to encourage this sector to provide products with international specifications and high quality, in line with the requirements of the local and international market of various industrial products, through multiple programs in line with government directives in the national transformation 2020 and the Kingdom's Vision 2030.

The Board of Directors of the Fund confirmed that it is currently working to develop new financing products and enhance its important role in the coming period to stimulate the industrial sector by financing and providing consultations to increase investment in this vital sector.