SIDF News

​​​​ The Saudi Industrial Development Fund concluded its participation as part of the Kingdom's delegation headed by His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim AlKhorayef, in the International Mining and Resources Conference + EXPO "IMARC" which was held in  Sydney, Australia,  from 2nd to 4th of November. SIDF participation came under the umbrella of "Invest Saudi ", with the presence of the National Industrial Development and Logistics Program "NIDLP", the Saudi  Geological Survey “SGS", and the Industrial Center “NIDC".   The Saudi delegation, “Invest Saudi", held an introductory meeting on the investment opportunities offered by the Kingdom, and the readiness of its infrastructure and legislation for mining investments, during which Eng. Mohanad Al-Nuaim, SIDF VP of Credit, reviewed the financial support and advisory services provided by SIDF to investors in the mining sector.   In addition, Eng. Al-Nuaim participated in a session titled: "Financial Support and Incentives Provided to FDIs", where he explained the readiness of the investment and legislative ecosystem in KSA's mining sector in the Kingdom. Moreover, Eng. Al-Nuaim introduced SIDF's programs and specialized financial solutions provided to support and incentive foreign investors in the mining sector.   The participation of SIDF stems from the fact that it is the main financial enabler of the National Industrial Development and Logistics Program "NIDLP", which aims to transform Saudi Arabia into a leading industrial powerhouse and a global logistics hub, relying on SIDF's experience of nearly half a century.​