{"id":27428,"date":"2021-10-11T12:25:25","date_gmt":"2021-10-11T09:25:25","guid":{"rendered":"https:\/\/sa.mashroo3k.com\/funding\/saudi-industrial-development-fund\/"},"modified":"2025-02-09T13:07:46","modified_gmt":"2025-02-09T10:07:46","slug":"saudi-industrial-development-fund","status":"publish","type":"funding","link":"https:\/\/sa.mashroo3k.com\/en\/funding\/saudi-industrial-development-fund\/","title":{"rendered":"Saudi Industrial Development Fund"},"content":{"rendered":"\n
\"Saudi<\/div>

Saudi Industrial Development Fund<\/h2>

The Saudi Industrial Development Fund (SIDF)<\/strong> was established in 1974 as a government financial institution to promote private sector investment opportunities, develop local industry and raise the level of its performance. This is within the framework of supporting the goals, policies and programs of industrial development in the Kingdom of Saudi Arabia. <\/p>

The Saudi Industrial Development Fund (SIDF) <\/strong>supports many promising sectors such as mining and logistics. It is noteworthy that the funds paid by the fund as loans to investors amounted to 121.1 billion riyals, as of the end of December 31, 2020. <\/p><\/div><\/div><\/div>\n\n\n\n

\"Sectors<\/div>

Sectors funded by the Saudi Industrial Development Fund<\/h2>

\u2013 Mining sector.<\/p>

\u2013 Energy sector.<\/p>

\u2013 Industry.<\/p>

\u2013 The logistics sector.<\/p>

Development Fund and Target Groups<\/strong><\/p>

(1) The first category:<\/strong><\/p>

It includes the following major cities: (Riyadh, Jeddah, Dammam, Jubail, Makkah, Yanbu, Ras Al Khair). The maximum financing limit is 15 years, and the\u00a0Saudi Industrial Development Fund<\/strong>\u00a0loan rate is 50%.<\/p>

(2) The second category:<\/strong><\/p>

Cities with some economic advantages include Qassim, Al-Ahsa, Rabigh, Taif, Al Kharj Industrial City, Sudair Industrial City, and Medina (except Yanbu). The maximum financing period is 20 years. The Fund\u2019s loan rate is 60%.<\/p>

(3) The third category:<\/strong><\/p>

Economically promising regions and cities include: (Hail, Northern Borders, Al Jawf, Tabuk, Jazan, Najran, Bahah, Asir) and cities that are at least 150 kilometers away from major city centers and 70 kilometers away from the nearest second-tier industrial city. The maximum financing period is 20 years, and the\u00a0SIDF\u00a0<\/strong>loan rate is 75%.<\/p><\/div><\/div><\/div>\n\n\n\n

\"Saudi<\/div>

Saudi Industrial Development Fund Programs<\/h2>

– Horizons program.<\/span><\/p>

– Competitive program.<\/p>

– Localization program.<\/p>

– Renewable program.<\/p><\/div><\/div><\/div>\n\n\n\n

\"Saudi<\/div>

Saudi Industrial Development Fund (SIDF) Borrowing Conditions<\/h2>

\u2013 A thorough economic feasibility study.<\/span><\/p>

\u2013 A valid industrial investment license.<\/span><\/p>

\u2013 Documents required by technical advisors if needed. Namely: Quotations and contracts for machinery and equipment as well as customs clearance documents (if received).<\/p>

\u2013 Raw material supply procedures and tooling supply agreement.<\/p>

\u2013 Construction and civil works contracts and prices, engineering drawings and bill of quantities.<\/p>

\u2013 A valid business registration.<\/p>

\u2013 Articles of Association, company bylaws, or partnership agreement documents, notarized by a notary public (except for sole proprietorships).<\/p>

\u2013 The personal solvency data of the owners\/partners.<\/p>

\u2013 Copies of the owner\u2019s ID card.<\/p>

\u2013 A valid project site lease agreement from the industrial city where the project will be built, and if the project is built on privately owned land, it is necessary to provide a valid copy of the building permit and the permit to operate the project on the proposed site, by the relevant authorities.<\/p>

\u2013 The title deed if the project is on private land.<\/p>

\u2013 Necessary legal agencies.<\/p>

\u2013 Sales\/marketing agreements, including export plans (if applicable).<\/p><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":23231,"template":"","funding-categories":[],"funding-tags":[],"yst_prominent_words":[],"class_list":["post-27428","funding","type-funding","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/funding\/27428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/funding"}],"about":[{"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/types\/funding"}],"version-history":[{"count":7,"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/funding\/27428\/revisions"}],"predecessor-version":[{"id":27832,"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/funding\/27428\/revisions\/27832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/media\/23231"}],"wp:attachment":[{"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/media?parent=27428"}],"wp:term":[{"taxonomy":"funding-categories","embeddable":true,"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/funding-categories?post=27428"},{"taxonomy":"funding-tags","embeddable":true,"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/funding-tags?post=27428"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/sa.mashroo3k.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=27428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}