SIDF News

"The Saudi Industrial Development Fund (SIDF) signed MoU with The General Authority for Military Industries (GAMI) with the aim of stimulating, supporting, and financing the military industry sector, in line with Vision 2030, the MoU was signed by Eng. Mohanad bin Abdulrahman Al-Nuaim, Vice President of Credit at SIDF, and Eng. Gasem Abdulghani Al-Maimani, Deputy Governor of Military Industry at GAMI.

The MoU aim to stimulate cooperation between the two parties and attain SIDF and GAMI's full potentials, to help enterprises operating in the military industries sector smoothly carry out their missions. By providing the necessary support, loans, and project financing, in a manner that does not conflict with the SIDF's Articles of Association and with the strategy of the military industries sector.

SIDF, through its partnerships and cooperation with the relevant authorities, aims to offer a wide range of consulting services, products, financial and non-financial programs to help the local industry accelerate its growth and advance its performance."