Custodian of the Two Holy Mosques stimulates the private sector with 72 billion riyals to support 13 initiatives including housing loans and construction technology

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<The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - issued a royal decree approving the stimulation of the private sector and approving a total amount of 72 billion riyals to implement the private sector stimulation plan, based on the recommendation of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs. The approval of the initiatives as follows:

1 - The subsidized housing loans initiative in the amount of (21,323,700,000) twenty-one billion, three hundred and twenty-three million and seven hundred thousand riyals. 2 - High-efficiency air-conditioning initiative in the amount of (400,000,000) four hundred million riyals.

3 - High-efficiency air-conditioning initiative in the amount of (400,000,000) four hundred million riyals. 3- Project Support Fund Initiative in the amount of (10,000,000,000) ten billion riyals.

3 4- The initiative to support troubled companies in the amount of (1,500,000,000) billion and five hundred million riyals.

4 The initiative to launch an export incentive program in the amount of (66,000,000) sixty-six million riyals.

5 6- The initiative to promote export financing in the amount of (5,000,000,000) five billion riyals.

6 The initiative to raise the capital of the Kafalah program by (800,000,000) eight hundred million riyals.

7 8 - Indirect lending initiative for small and medium enterprises in the amount of (1,600,000,000) billion and six hundred million riyals.

8 9- The government's SME Venture Investment Fund initiative for (2,800,000,000) two billion and eight hundred million riyals.

10- The initiative to return the amount of money to SMEs. The initiative to refund government fees paid by new SMEs in the amount of (7,000,000,000) seven billion riyals.

10. <The Mega Investment Program Initiative in the amount of (5,000,000,000) five billion riyals. (2,560,000,000,000) two billion five hundred and sixty million riyals.

12 - Broadband and Fiber Optic Stimulus Initiative 13 - Building Technology Stimulus Initiative in the amount of (13,870,000,000) thirteen billion eight hundred and seventy million riyals.

13 In addition to initiatives as enablers of success for the private sector:

The Prioritized Projects Office Initiative for (100,000,000) one hundred million riyals.

<The Private Sector Visualization Platform Initiative with an amount of (20,000,000) twenty million riyals. Private Sector Workshops Initiative with an amount of (80,000,000) eighty million riyals

Private Sector Workshops Initiative The private sector stimulus packages aim to enhance the competitiveness of a number of segments of the national economy, develop its products, improve the business and investment environment, facilitate their implementation in the Kingdom, and improve and enhance the developmental role of the private sector in the national economy in accordance with the Saudi Vision 2030.

Private sector stimulus packages aim to enhance the competitiveness of a number of segments of the national economy.