{"id":22731,"date":"2018-11-27T10:51:41","date_gmt":"2018-11-27T07:51:41","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=22731"},"modified":"2018-11-27T10:51:41","modified_gmt":"2018-11-27T07:51:41","slug":"%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%aa%d9%86%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d8%b5%d9%86%d8%a7%d8%b9%d9%8a%d8%a9-%d9%8a%d8%b6%d8%ae-150-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b1%d9%8a%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/22731\/","title":{"rendered":"The Industrial Development Fund injects SAR 150 billion into the industrial sector. and adds logistics financing to its programs"},"content":{"rendered":"<p>Intends to <a href=\"http:\/\/sidf.gov.sa\" target=\"_blank\" rel=\"noopener\">Saudi Industrial Development Fund<\/a> Develop and expand the scope of its financing and advisory services to include various logistics sectors, in addition to industrial financing.<\/p>\n<p>Dr. Ibrahim Al-Maajil, Director General of the Fund, explained during a meeting at the Eastern Province Chamber of Commerce that this expansion will take place after the issuance of the relevant regulations\u2014which are still under review\u2014and will include services outside industrial cities.<\/p>\n<h3><strong>\u00a0Loans totaling <\/strong><strong>150 <\/strong><strong>\u00a0billion rials<\/strong><\/h3>\n<p>The fund has a distinguished history in the field of financial services, having provided approximately 4,305 since its establishment <a href=\"https:\/\/amlak.net.sa\/en\/home\/%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%aa%d9%86%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d8%b5%d9%86%d8%a7%d8%b9%d9%8a%d8%a9-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a-%d9%8a%d9%85%d9%88%d9%84-30-%d9%85\/\">Loans<\/a>, with a value of up to 150 billion riyals, through which it financed 2,949 factories. Al-Maajil stated that, as part of its efforts to develop its financing and advisory strategies, the fund aims to become the primary financial partner for the National Industry and Logistics Development Program, as stipulated by <a href=\"http:\/\/www.vision2030.gov.sa\" target=\"_blank\" rel=\"noopener\">Vision 2030<\/a>This means providing integrated and effective products and services to meet customer needs\u2014services that go beyond loans or financial support to include \u00abconsulting and evaluation,\u00bb and a focus on achieving development while maintaining financial sustainability. This is because the fund operates according to a clear mechanism for risk management and quality assessment, which is based on the principle of separating development-oriented projects from their commercial counterparts in the evaluation process.<\/p>\n<h3><strong>Fulfillment <\/strong><strong>Investors' Ambitions<\/strong><\/h3>\n<p>He noted that the fund embraces the principle of strategic partnerships to exchange knowledge and expertise and generate greater returns for the industrial sector, while meeting the aspirations of investors and participants in the industrial ecosystem.<\/p>\n<p>He emphasized that the fund is working to provide products and services with the highest added value to customers, while maintaining its financial sustainability,<\/p>\n<p>The fund is also working to strengthen its institutional foundation so that it can achieve its strategic objectives.<\/p>\n<p>He added that the fund operates according to a specific system that enables it to support the industrial sector and related activities.<\/p>\n<p>Such as services that support the industry.<\/p>\n<p>Including logistics support facilities located in industrial cities.<\/p>\n<p>Rather, any economic activity that involves an industrial aspect,<\/p>\n<p>Or it operates under a system that requires support from the fund, such as the mining sector.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>The Saudi Industrial Development Fund (SIDF) plans to develop and expand the scope of its financing and advisory services to include serving the various logistics sectors, in addition to industrial financing. The Director General of the Fund, Dr. Ibrahim Al-Mojel, explained in a meeting with the Eastern Chamber that this expansion will be after the issuance of the regulations governing this matter, which are still under study, which will include services outside the industrial cities.  Loans worth 150 ... <a title=\"The Industrial Development Fund injects SAR 150 billion into the industrial sector. and adds logistics financing to its programs\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/22731\/\" aria-label=\"Read more about the Industrial Development Fund injecting 150 billion riyals into the industrial sector... and adding logistics financing to its programs\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":22732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0635\u0646\u0627\u0639\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u064a\u0636\u064a\u0641 \u062e\u062f\u0645\u0629 \u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0644\u0648\u062c\u0633\u062a\u064a\u0629 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