Deputy Minister of Industry and Mineral Resources Engineer Osama bin Abdulaziz Al-Zamil stressed that the ministry aims to increase the number of factories by 50% over the next five years, and reach additional industrial investment volume to 1.4 trillion riyals.
Zamil said during the launch of “Senaei” platform, during the second edition of the technical conference “LEAP“ held in Riyadh, that the digital packages in Senaei platform aim to increase the adoption of factories. <”Zamil“ said during the launch of the ”Senaei“ platform during the second edition of the ”LEAP" technical conference held in Riyadh, that the digital packages in the Senaei platform aim to increase the factories" adoption of global best practices in the fields of the fourth industrial revolution, reduce production costs, and increase reliability. to reduce production costs, raise the level of reliance on skilled cadres, and increase the competitiveness and operational efficiency of factories. With the offer of investment opportunities in the sector, the incentives will be provided by a unified package.
<He added that the "Future Factories Package" aims to transform 4000 factories into factories operationally and technologically advanced factories to raise the level of digital maturity, raise operational efficiency and industrial capabilities, enhance export development, improve the work environment in factories and provide attractive quality jobs by adopting the technologies of the fourth industrial revolution, indicating that it focuses on two tracks: The first targets new factories to be designed and built according to high standards in manufacturing and production efficiency, while the second targets new factories to be designed and built according to high standards in manufacturing and production efficiency. The second targets existing factories to transform them into factories that adopt the standards of operational excellence and advanced technologies.
<Zamil explained that the support programs are divided into three tracks: First, through the Industrial Digital Transformation Competitiveness and Competitiveness Program, the program provides financing solutions to support the improvement of the industrial base by employing the latest technologies by linking machines equipped with digital systems with a system in which data and equipment communicate with each other to increase the efficiency of operations, to facilitate the transformation map of the current industrial base to the fourth generation industrial, and the program provides the advantage of a longer repayment period of at least 7 years, a grace period of up to 24 months and others, the second track, by bearing the financial compensation on labor, and the third track, the National Productivity Program, provides free consultations from leading companies to assess the level of operational excellence and advanced technologies in the industrial sector.
