The Industrial Development Fund (IDF) has allocated SAR 116.1 billion in industrial loans to eight promising regions, as of the end of the third quarter of 1435\/1436.
\nAccording to an official source at the fund, the eight regions received a total of 185 loans, distributed as follows: the Jazan region received 32 loans totaling 2.9 billion riyals, followed by the Hail region with 29 industrial loans totaling approximately 1.31 billion riyals, then Najran with 23 loans worth 1.16 billion riyals, while the Asir region received 1.04 billion riyals distributed across 48 loans, then the Northern Border region with 992 million riyals for seven industrial loans, while the Tabuk region was approved for 12 loans totaling 557 million riyals, followed by Al-Jawf with 25 loans worth 337 million riyals, and finally Al-Baha, with nine loans totaling 28 million riyals.
\nThe Industrial Development Forum in Promising Regions, organized by the Industrial Development Fund, is scheduled to take place on January 13\u201314, 2015, in Riyadh, under the patronage of Dr. Ibrahim Al-Assaf, Minister of Finance; and Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry.
\nThis forum, the first of its kind in the Kingdom, is being held in line with the special attention the government of the Custodian of the Two Holy Mosques gives to balanced development across all regions of the Kingdom, achieving economic diversification, and creating more job opportunities for citizens
\nThe forum will be attended by numerous ministers, government officials, and heads of Saudi companies, as well as international experts in the field. It will address a range of issues, most notably: industrial development policies and objectives in promising regions; the requirements for industrial development in those regions; and the role of the private sector in regional development. The forum will also highlight the industrial investment opportunities in these promising regions and review a number of leading international experiences in regional development.
\nFor his part, Ali Al-Ayed, the Fund\u2019s Director General, emphasized that the idea of organizing the Industrial Development Forum in Promising Regions follows the success of the initiative recently launched by the Fund to promote the industrial sector in those regions, This initiative resulted in an increase in the share of loans granted by the Fund to promising cities and regions, reaching 50 percent in terms of the number of loans and approximately 66 percent in terms of the value of approved Fund loans by the end of fiscal year 2013.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Industrial Development Fund allocated 116.1 billion riyals in industrial loans to eight promising regions through the end of the third quarter of 1435\/1436. According to an official source at the Fund, the eight regions received a total of 185 loans, distributed as follows: the Jazan region received 32 loans totaling 2.9 billion riyals, followed by the Hail region with 29 industrial loans totaling approximately 1.31 billion riyals, \u2026 Read more<\/a><\/p>","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[117],"tags":[],"class_list":["post-2180","post","type-post","status-publish","format-standard","hentry","category-industrial-logistics"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0635\u0646\u0627\u0639\u064a \u0648\u0644\u0648\u062c\u0633\u062a\u064a<\/a>","tag_info":"\u0635\u0646\u0627\u0639\u064a \u0648\u0644\u0648\u062c\u0633\u062a\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/2180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=2180"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/2180\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=2180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=2180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=2180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}