The Saudi Industrial Development Fund approved 35 loans to help finance 29 new industrial projects and the expansion of six existing industrial projects totaling 701 million riyals, while their total investment amounted to 1.5 billion riyals, an increase of 46% in the number of loans, 106% in value and 120% in total investment. These projects are expected to provide 2102 direct job opportunities, which is a positive indication of the confidence of investors in the industrial sector in the Kingdom and reflects their positive expectations for the development path in the Kingdom in the coming years.

Ali bin Abdullah Al-Ayed, Director General of the Fund, stressed that the Fund will continue to play an active role in supporting industrial development in various regions and cities of the Kingdom, noting that the value of the Fund's loans approved for promising regions and cities has grown by 150%. <Ali bin Abdullah Al-Ayed, Director General of the Fund, emphasized the Fund's continued effective performance in supporting industrial development in various regions and cities of the Kingdom, where he pointed out the remarkable growth in the value of the Fund's approved loans to promising regions and cities of 1501 TP3T from the first quarter of the previous fiscal year, reaching 288 million riyals compared to 115 million riyals in the first quarter of last year, which represents 411 TP3T of the value of the Fund's approved loans in the first quarter of the current fiscal year. He also pointed out that these results confirm the success of the state's policies to accelerate the pace of development and growth in promising regions and cities. These results are a reflection of the Kingdom's government's adoption of many incentives that encourage industrial investment in these regions, including raising the financing rates of projects established there, believing in the need to achieve balanced development between regions and exploit the many advantages enjoyed by these regions, and the importance of contributing to raising income levels and increasing job opportunities for citizens.