Saudi fund to finance 30 projects worth SAR 900 mln

23/03/2017 Argaam

Saudi Industrial Development Fund’s (SIDF) board has approved funding 30 industrial projects worth over SAR 900 million to support and boost national industry, Saudi Press Agency (SPA) reported Wednesday.

 

SIDF said that it is currently working on developing new financing products to enhance the fund’s role in stimulating the industrial sector and is also providing consultancies to increase investments.

 

SIDF is an agency affiliated with the finance ministry and supports industrial growth by providing medium and long-term soft loans as well as technical and marketing expertise.

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