SIDF News

​ To Promote SIDF Contribution to Industrial Development SIDF Holds an Open Meeting in Al-Mekwah Chamber     On Monday, February 28, 2022, the Saudi Industrial Development Fund (SIDF) held an open meeting in cooperation with the Chamber of Commerce and Industry in Al-Mekwah governorate, Al-Baha province. In the presence of members of the Chamber's Industrial Committee and the youth of Al-Baha Province, SIDF introduced its initiatives and role in developing the local industry and achieving the goals of Vision 2030. The meeting shed light on SIDF's role in developing the national industry as the main financial enabler for the National Industrial Development and Logistics Program (NIDLP). Several points were also highlighted, such as loan processing procedures, the mechanism of utilizing its programs and initiatives, and advantages and incentives provided to support investors and entrepreneurs in the Kingdom. Meanwhile, SIDF's representatives answered questions and inquiries about funding and relative issues. This meeting is a part of a series of meetings held by SIDF with various Chambers of Commerce and Industry in the Kingdom to encourage investors and entrepreneurs in all regions to invest in the industry, energy, mining, and logistics sectors. That would help promote the economic revolution in the Kingdom; provide more job opportunities for young Saudis, and stimulate the growth of the Kingdom's GDP.​ ​