The Saudi Industrial Development Fund (SIDF) participated in the Annual Investment Forum in Dubai, as part of several government agencies representing the “Invest in Saudi Arabia” exhibition organized by the General Authority for Investment (GAFI),
The Fund explained through its participation in the forum to introduce its services to investors and highlight its contribution with various parties to support and stimulate investment in the industrial sector and achieve the objectives and policies of industrial development programs in the Kingdom by providing medium and long-term loans for industrial investments and providing many technical, administrative, financial and marketing consultations to borrowed projects, which contributes to raising the level of performance in these projects and helping them overcome the issues they face.
The Fund presented its initiative for the Saudi Industrial Development Fund (SIDF). <The Fund presented its initiative to activate additional incentives for industrial investments for Saudi and non-Saudi investors by raising the percentage of financing projects in promising regions and cities to reach 75% of the project cost instead of 50%, extending the repayment period to 20 years instead of 15 years, in addition to raising the maximum limit of loans for industries established in these areas to 1. 2 billion riyals compared to 900 million riyals for loans for industries established in these areas.The total number of loans approved by the Fund for projects located in promising regions and cities since the implementation of the decision until the end of the fiscal year 1435/1436 AH (2014) amounted to 213 loans worth 9.5 billion riyals, representing 48% of the total number of loans and 40% of the total value of loans approved by the Fund since the implementation of the decision to increase the financing ratio, which before the implementation of the decision did not exceed 14% of the total number of loans of the Fund and 15% of its value.
