<\/p>\n
The Saudi Industrial Development Fund approved the provision of new industrial loans worth 4.2 billion riyals, to contribute to the establishment of 13 projects with investments exceeding 20.4 billion riyals. This came during a meeting of the Fund\u2019s Board of Directors, chaired by the Minister of Commerce and Industry and Chairman of the Board of Directors of the Fund, Dr. Tawfiq bin Fawzan Al-Rabiah.<\/p>\n
During its meeting, the council discussed a number of important issues and topics related to the development of the industrial sector, and the mechanism for enhancing cooperation with relevant authorities and sectors to ensure greater cohesion and integration of performance with other economic sectors, in order to create an attractive investment environment for industries through a package of initiatives and incentives that will contribute to the development and growth of industries in the Kingdom and attract other new industries with competitive capabilities.<\/p>\n
Regarding the decisions made during the meeting, Abdulkarim Al-Nafie, Director General of the Saudi Industrial Development Fund, explained that the approved loans included five for projects in the chemical industries. Four of these loans, totaling 4 billion riyals and representing a total investment of approximately 20 billion riyals, will fund the establishment of an industrial complex in Ras Al-Khair and Tarif for the production of sulfuric acid, phosphoric acid, ammonia, and compound phosphate fertilizers. The fifth loan, valued at 119 million riyals with a total investment of nearly 248 million riyals, will expand an industrial project in Riyadh for the production of calcium chloride, which is used in various industrial applications such as oil exploration and industrial processes. The Director General also noted that the Fund's administrative committee approved eight industrial loans for small and medium-sized enterprises (SMEs) over the past two weeks, totaling more than 80 million riyals and representing a total investment of over 152 million riyals. These loans are distributed across several cities and regions of the Kingdom (Riyadh, Jeddah, Qassim, Shaqra, and Hafr Al-Batin).<\/p>\n
He concluded by saying that the Fund continues its policy of stimulating industrial projects, especially small and medium-sized enterprises, by providing industrial loans and consulting services in the technical, administrative, financial and marketing fields to borrowing factories, noting that the consultations provided have helped to create ways of success for many of the beneficiary projects by improving the performance of these projects, increasing their profitability and raising the level of national products.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span> The Saudi Industrial Development Fund (SIDF) has approved new industrial loans worth SAR 4.2 billion to contribute to the establishment of 13 projects with investments of more than SAR 20.4 billion, this came during a meeting of the Fund's Board of Directors chaired by Minister of Commerce and Industry and Chairman of the Board of Directors Dr. Tawfiq bin Fawzan Al-Rabiah. During the meeting, the Board discussed a number of important issues and topics related to ... Read more<\/a><\/p>","protected":false},"author":10,"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":[],"amlak_video_sent":"","footnotes":""},"categories":[117],"tags":[],"class_list":["post-8760","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\/8760","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=8760"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/8760\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=8760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=8760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=8760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}