“Localization”. Encouraging localization

The “Tawteen” program is designed to support and promote the trend of increasing spending on local content and contribute to achieving the goals of the Kingdom’s Vision 2030. To this end, the Saudi Industrial Development Fund Partnerships with leading companies in Saudi Arabia to support them in replacing imported products and spare parts with locally manufactured products.

– Longer repayment period (7 years).

– A grace period of up to 24 months.

– Fast track for projects that have purchase agreements.

Other Funding Entities