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What Sectors Are Funded by the Saudi Industrial Development Fund?

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What Sectors Are Funded by the Saudi Industrial Development Fund?
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The Saudi Industrial Development Fund was established by a decision from the Council of Ministers in 1974, with the aim of developing, implementing, and achieving industrial development policies and programs. It serves as the main financial enabler for industrial transformation, with the goal of making the Kingdom of Saudi Arabia an industrially developed nation. The Saudi Industrial Development Fund finances four main sectors:

Mining sector

One of the most important investment pillars, given the Kingdom's abundant mineral resources and its geographical location connecting the continents of Asia, Africa, and Europe.

Energy Sector

The renewable energy sector is one of the targets of Saudi Vision 2030, given the Kingdom's advantages as a large regional market and a hub for developing and manufacturing various energy products and equipment due to its strategic location.

Industrial sector

The fund has designed financial products to support the industrial sectors, contribute to creating an attractive environment for industrial investments, and finance industrial projects.

Logistics services sector

The fund contributes to transforming the Kingdom into a global logistics hub. To achieve this strategic goal, the Council of Ministers issued a decision to amend the fund's bylaws to enhance its role as the main financial enabler for the logistics sector.