SIDF News

"The Saudi Industrial Development Fund (SIDF) is participating as a diamond partner in the Supply Chain and Logistics Conference, scheduled to take place on December 15-16, 2024. This conference sheds light on the logistics and transportation sector, with SIDF participating to support its growth in alignment with Vision 2030.

SIDF will participate in the conference to present its financing programs and advisory services and to highlight solutions and products to support logistics projects and improve supply chain operations.

After the amendment of SIDF's bylaws in 2019, SIDF significantly expanded its mandate to include multiple sectors, with logistics being a key focus. This adjustment positioned SIDF as a leading entity in supporting and developing the logistics sector. In 2024, SIDF invested over SAR 58 billion in various projects, including substantial contributions to logistics. Additionally, SIDF reinforced its efforts through strategic partnerships, such as a memorandum of understanding with the Ministry of Transport and Logistics Services to support projects and enhance private sector participation. Moreover, SIDF collaborated with Aramco, Taulia, and Manafa to establish a supply chain financing solution.

SIDF's participation in this conference highlights its role in driving sustainable economic progress in the Kingdom by supporting private sector growth and promoting innovation across transportation and logistics. SIDF remains committed to delivering advanced financial solutions, forming impactful partnerships, and supporting projects that enhance the sector's local and global competitiveness."