A program to provide training support to private sector establishments to raise the skills of their employees. This meets the needs of the private sector through electronic training, in cooperation with government agencies and academics.
ENABLERS
Through the executing entities and success partners of the National Industrial Development and Logistics Program (NIDLP), the ecosystem provides variety of enablers to promote investments in the Kingdom. Some enablers are categorized as general enablers, whereby they apply to all investment projects in NIDLP sectors. There are also special enablers, which target certain types of enterprises and investment projects.
Human Capital
Human Capital
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Momaken Program
Momaken Program
Human Resources Development Fund
Admission Requirements:
- Targeted Employees to be Saudi Nationality.
- Age not be less than 18 years and not more than 60 years old.
- To be registered in the national portal – TAQAT.
- Non-government employee – according to the data of the Ministry of Human Resources and Social Development.
- Should not have previously benefited from the Momaken program.
- The eligibility of an individual benefiting from the program is not affected by the Fund’s support in other programs.
The Training Program:
Training is provided electronically and is carried out by training agencies and governmental bodies. It includes all activities, methods and training enablers within the Skills Program, which aims to provide the targeted group with the knowledge, skills and experience necessary. It supports them in performing their job tasks and offers greater stability in them.You can visit the website of Human Resources Development Fund for more details:Human Resources Development Fund Website -
Employment Support Program
Employment Support Program
Human Resources Development Fund
An employment support program provided by the Human Resources Development Fund. The program aims to support research and jobseekers in the private sector. The fund bears a percentage of the employee’s wages, and includes support for all the jobs in the private sector for full-time. The program adds additional support in regions and cities with fewer job opportunities, less female employment. It provides support to persons with disabilities, and is for small, medium and micro enterprises.
Targeted Entities:
All private sector entities are subject to the support provided through this program, unless they are suspended by the Ministry of Human Resources and Social Development of the Human Resources Development Fund. The minimum wage is 4,000 riyals. The maximum wage is 15,000 riyals, according to social insurance records. The duration of support period extends to two years.You can visit the website of Human Resources Development Fund for more details:Human Resources Development Fund Website -
Tamheer Program
Tamheer Program
Human Resources Development Fund
The Tamheer program is an on-the-job training program for Saudi graduates from local and foreign universities and graduates of institutes and colleges who hold technical, health, and administrative diplomas. It aims to train them in government institutions and distinguished companies in the private sector so that they can acquire the expertise and skills necessary to prepare them to participate in the labor market.
Targeted Entities:
The applicant/trainee has to be:
- A Saudi Citizen
- Holding bachelor degree or higher, or holding of technical, health or administrative diploma.
- The social insurance records at the Ministry of Human Resources and Social Development should indicate that the applicant has not been registered for any job during the previous six months.
- Not currently employed.
- Applying for the program for the first time.
Program Benefits:
- A financial reward of (3000) riyals per month for the trainee for bachelor’s degree holders and above, and a financial reward of (2000) riyals per month for the trainee for holders of technical, health and administrative diplomas, provided by the Human Resources Development Fund.
- Insurance against occupational hazards.
- Electronic training courses.
- Experience certificate provided by the Human Resources Development Fund after completing the training program.
You can visit the website of Human Resources Development Fund for more details:Human Resources Development Fund Website
Industrial Cities Special Economic Zones
Industrial Cities Special Economic Zones
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Saudi Authority for Industrial Cities and Technology Zones
Saudi Authority for Industrial Cities and Technology Zones
Saudi Authority For Industrial Cities And Technology Zones(MODON)
MODON oversees more than 36 industrial cities. Each industrial city has a field administration that supervises the daily needs of investors and supervises the operation and maintenance of the site and the construction projects in the industrial city. Moon has introduced different products that enhance its role and responsibility as one of the pillars of national industry empowerment and leadership.
Industrial Lands:
MODON provides developed infrastructure and services such as electricity, water and others in different areas in all regions of the Kingdom that meet the needs of industrial investors.
Ready-Built Factories:
MODON provides ready-built factories for investor partners who own small and medium enterprises. It has equipped production halls targeting clean and light industries.
You can visit the website of Saudi Authority for Industrial Cities and Technology Zones for more details: Saudi Authority For Industrial Cities And Technology Zones (MODON) Website
Supporting Units “Services”:
MODON has launched the “Supporting Units” product aimed at supporting industrial service activities such as equipment maintenance and repair. Additionally, the product targets laboratory activities and calibration centers.
Area: 240 square meters.
Fields:
- Laboratory activities.
- Industrial services (such as machinery and equipment maintenance and repair).
- Measurement and calibration activities.
Features:
- Indoor workspace.
- Loading and unloading area.
- Parking spaces.
- Quick procedures.
- Proximity to about 1,150 industrial, logistical, and investment facilities.
- Proximity to industrial markets.
- Integrated services.
- Presence of a large number of factories.
- Strategic location.
You can visit the Shareek Portal of the Saudi Authority for Industrial Cities and Technology Zones website for more details: Shareek Portal
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Royal Commission Of Jubail And Yanbu
Royal Commission Of Jubail And Yanbu
Royal Commission Of Jubail And Yanbu
The Royal Commission for Jubail and Yanbu supervises the operation of 4 industrial cities in each of Jubail, Yanbu, Jizan and Ras al-Khair. Meeting highest international standards to be the best option for investors in the petrochemical and energy-intensive industries. RCJY follows Comprehensive Management methods, leading the way for the Kingdom and the Arab region. The Royal Commission oversees nine sectors, namely; comprehensive planning, basic infrastructure, operation and maintenance, investment promotion, security and safety, health and community service, education, workforce training, and environmental protection.
You can visit the website of Royal Commission of Jubail and Yanbu for more details:Royal Commission Of Jubail And Yanbu Website -
Economic Cities And Special Zones Authority (ECZA)
Economic Cities And Special Zones Authority (ECZA)
Economic Cities And Special Zones Authority (ECZA)
ECZA enhances the Kingdom’s global competitiveness by launching and enabling a range of cities and special economic zones that provide an attractive regulatory environment for investment. ECZA supports targeted competitive incentives and enablers, highly efficient integrated government services, and a stimulating living environment with global quality of life standards. The lunch took place in four special economic zones, including:
1- King Abdullah Economic City (KAEC) SEZ
Sectors of Opportunity:
- Automobile supply chain and assembly.
- Consumer goods.
- ICT (Electronic light manufacturing).
- Pharmaceuticals.
- MedTech.
- Logistics.
2- Ras Al-Khair Special Economic Zone
Sectors of Opportunity:
- Shipbuilding and MRO.
- Rig platforms and MRO.
3- Jazan Special Economic Zone
Sectors of Opportunity:
- Food processing.
- Metals conversion.
- Logistic.
4- Cloud Computing SEZ
Sectors of Opportunity:
- Cloud computing.
Access Attractive Economic Incentives Across The SEZ Network:
- Corporate income tax reductions.
- A variety of withholding tax exemptions.
- Deferred customs duties on goods entering the SEZ.
- Expat levy ensuring fees exemption for employees and their families in the zone.
- VAT exemptions based on sector/activity criteria.
- Flexible and supportive regulations around foreign talent.
You can visit the website of Economic Cities and Special Zones Authority (ECZA) for more details:Economic Cities And Special Zones Authority Website
Financial Enablement
Financial Enablement
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AFAQ Program
AFAQ Program
Saudi Industrial Development Fund – SIDF
In line with supporting promising small and medium-sized industrial enterprises, the SME Scale-Up product was launched to provide financial facilities to SMEs with proven success records. This allows them to increase their production capacity and reach the growth and expansion that resonates with their aspirations. This offering is available for both new and existing SIDF investors.
Initiative Requirements:
- Brownfield projects with three years of audited financials.
- Increase in revenue or volume sold.
- Terms and conditions apply.
Benefits:
- Longer tenure of 8 years.
- Longer grace period of up to 24 months.
- Possibility to reduce net worth requirement to 50% of the loan amount.
- Upfront disbursement of 30% of the loan amount.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Tawteen Program
Tawteen Program
Saudi Industrial Development Fund-SIDF
Tawteen program is set to facilitate, enhance, and finance supply chain localization opportunities of the Kingdom’s industrial sector. To achieve this, SIDF established partnerships with leading companies in the Kingdom of Saudi Arabia to enable the switch to source locally manufactured products and spare parts. Through preferential financing solutions, the Tawteen program will help stimulate investment activities and support the national and local content strategy.
Tawteen Objectives:
- Stimulate domestic and foreign investments to increase local content.
- Highlight localization opportunities.
- Measure and maximize SIDF Local Content contribution.
Benefits:
- Longer tenure of a minimum of 7 years.
- Longer grace period of up to 24 months.
- Fast track for projects with purchase agreements.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Opening Letters Of Credit
Opening Letters Of Credit
Saudi Industrial Development Fund – SIDF
In collaboration with Commercial Banks, SIDF has introduced the Letter of Credit as a default payment mechanism to Clients with preferred terms and conditions.
Objectives:
- Better liquidity management.
- Project implementation acceleration.
- Lower Issuance fees.
Roles Of Each Party:
The Client: Contractual agreement between client and supplier.
SIDF: Provide a guarantee to issue the Letter of Credit with terms and conditions.
The Bank: Issues Letter of Credit and validates shipping documents.Success Partners:
- Riyad Bank
- The Saudi National Bank
- Alinma bank
- Arab National Bank
- Gulf International Bank
- Bank Albilad
- Al Rajhi Bank
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Working Capital Financing
Working Capital Financing
Saudi Industrial Development Fund – SIDF
Financing the incremental working capital needs (account receivables, inventory and account payables) to aid the growth of projects by extending short-term loans with a maximum financing tenure of one year.
Benefits:
- Simplified and quick evaluation process.
- No additional security required.
- Upfront disbursement.
General Eligibility Criteria:
- To be an Existing Client of SIDF.
- Operational for at least 18 months.
- Proven need of working capital.
- Satisfactory relationship with SIDF.
- Existing loan to be fully disbursed.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Acquisition Financing
Acquisition Financing
Saudi Industrial Development Fund – SIDF
The Saudi Industrial Development Fund has launched phase one of the Acquisition Finance Product, which aims to fund acquisitions for local companies to acquire local targets in SIDF financed sectors with a clear added value to Saudi Arabia.
Applicable Acquisitions For Financing:
- Financing the acquisition of a specific technology, a method of manufacture, or intellectual property.
- Financing the acquisition of a supplier or clients to achieve integration in cost or revenues.
- Financing the acquisition of a competitor for the integration and development of offers.
Financing Options:
- Pre-acquisition financing
- Post-acquisition financing
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Multipurpose Financing
Multipurpose Financing
Saudi Industrial Development Fund – SIDF
SIDF finances capital expenditures aimed at improving the operational value of the project, including production lines, services, buildings, IT systems, safety equipment upgrades, vehicles, and warehouses.
Requirements:
- Assure a non-increase of the production capacity of the project.
- Produce a clear positive impact on improving the operational value of the project.
- The company should be financially solvent enough to repay the SIDF loan and with a track record of profits in the last two years.
Benefits:
- Medium-term financing for a maximum period of 5 years.
- 30% upfront disbursement of the loan.
- Fast assessment track.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Project Financing
Project Financing
Saudi Industrial Development Fund – SIDF
SIDF offers this service to projects, through a set of different requirements, procedures, and stages, ranging from short to long term loans for various purposes.
Applicable Projects:
- New Industrial Projects.
- Expansion Projects for Existing Facilities.
- Upgrade Projects for Existing Facilities.
Benefits:
- Financing for a period up to 20 years.
- Financing up to 75% of the project total cost.
- Grace period up to 18 months.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
We Finance, You Manufacture Initiative
National Industrial Development And Logistic Program & Riyadh Bank
National Industrial Development And Logistic Program & Riyadh Bank
Localizing high priority production in five sectors:- 1- Balance of payments.
- 2- Pharmaceuticals & medical devices.
- 3- Machinery & equipment.
- 4- Food processing.
- 5- Transportation & logistic services.
Initiative Privileges:
- Enhancing ease of business indicators.
- Increasing local content.
- Support localization of manufacturing.
- Marketing support.
- Incentives & benefits.
- Flexible repayment periods.
- Special prices.
To join the initiative:
NIDLP&RB@riyadbank.com -
Supply Chain Financing
Supply Chain Financing
Saudi Industrial Development Fund-SIDF
Short-term financing to facilitate early invoice payments that aims to support working capital needs and improve cashflows.
Advantages of Supply Chain Financing Product:
- Simplified assessment process
- Longer credit terms to the buyer
- Early payments on suppliers’ invoices
- Shorter cash conversion cycle for the buyers and their suppliers
- Stronger and better relationship between buyers and their suppliers
Product Eligibility Criteria for the Buyer:
- No current past dues or FUF (SIDF client)
- Good relationship (SIDF client)
- Clean SIMAH report
- Audited financials for the last 3 years
- Profitable in the last 3 years
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Guarantee Program to Support Working Capital Needs
Guarantee Program to Support Working Capital Needs
Saudi Industrial Development Fund-SIDF
A guarantee provided by SIDF to a financing entity or an industrial company, to support small and medium enterprises in obtaining credit facilities from Financial Institutions or enhanced credit terms from Corporate Creditors. The aim of the program is to support SIDF clients through the program partners.
Program Paths:
Guarantee to support working capital needs path through commercial banks:
- SAB
- Banque Saudi Fransi
- Riyad Bank
- Arab National Bank
Trade finance guarantee path to improve sales through our industrial company partner:
- Tasnee
Benefits:
- Obtain credit facilities from financial institutions (Guarantee to support working capital needs Path )
- Improve credit terms with corporate creditors (Trade Finance guarantee path)
- Guarantee duration reaches 24 months
Beneficiary:
- Existing and operational
- Satisfactory relationship with SIDF (if existing)
- Audited financial statements for the last 3 years
- Proven need of working capital
- Profitable company for the last two years
You can visit the website of Saudi Industrial Development Fund for more details:
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Dinar
Dinar
Saudi Authority For Industrial Cities And Technology Zones (MODON)
In collaboration with Dinar Investment Company, MODON offers financial solutions to its investors for quick and flexible financing.
Invoice Financing:
- Financing against invoices, or extracts and receivables of the company.
- Financing design according to the invoice structure.
- Financing up to 10 million Saudi Riyals.
- Receiving the full financing amount.
- Easy periodic repayment installments.
Working Capital Financing:
- Enhancing the company’s liquidity.
- Quick financing with approval within 3 working days.
- Financing up to 30 million Saudi Riyals.
- Flexible financing design according to the company’s business.
- Flexible cash payments.
- Competitive profit margin.
Expansion Financing:
- Financing expansion projects.
- Long-term financing up to 10 years.
- Receiving the full financing amount.
- Easy periodic repayment installments.
- Competitive profit margin.
You can visit the website of Dinar for more details: Dinar
Local Content
Local Content
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Mandatory List
Mandatory List
Local Content & Government Procurement Authority
The “mandatory list” is a list of national products that the contractor must commit to purchase from national manufacturers in conjunction with a government agency. The list aims to develop national industries and products that have the ability to meet the needs of government projects.
Supply Competitions:
- The competitor is obligated to present product origin, whether it is national or foreign.
- The offer where the competitor did not comply with the mandatory list shall be excluded, and in the event that the competition is divisible, then the items in which the competitor did not abide by the mandatory list shall be excluded in the supply contracts.
Other Competitions:
- The competitor does not have to present the original product, whether it is national or foreign.
- The contractor must abide by the list when executing the contract, and the government entity takes into account this list when supervising the implementation.
You can visit the website of Local Content & Government Procurement Authority for more details:Local Content -
The Price Premium for National Products
The Price Premium for National Products
Local Content & Government Procurement Authority
This mechanism aims to give a price preference to national products. This is directly applied by the government agency in the supply contracts, and the contractor is obligated to apply it in his contracts with his subcontractors. At the end of the contract, the contractor submits a report confirming his commitment to the share of national products during the contract period. Fines are also imposed on the contractor in the event of default in the share of national products.
Mechanism Characteristics:
- The national product is granted a price premium, by assuming the price of the foreign product 10% higher than indicated in the bid.
- The premium rate may be increased through an agreement between LCGPA and the Center of Spending Efficiency, provided that the modified rate is explicitly stated in the tender documents.
- This mechanism applies to products not included in the mandatory list.
- This mechanism applies either directly or indirectly.
- Direct application: through the government agency in the supply contracts where national products are preferred. Also during the evaluation phase of offers according to the price preference equation.
- Indirect application: through the contractor with the government agency in all contracts other than supply. Giving preference to national products when purchasing materials or tools. Also, the contractor is obligated to apply the price preference mechanism in his contracts with his subcontractors.
You can visit the website of Local Content & Government Procurement Authority for more details:Local Content & Government Procurement Authority Website -
The Minimum Local Content Threshold
The Minimum Local Content Threshold
Local Content & Government Procurement Authority
This mechanism aims to define a minimum required for local content at the project level. It applies to some projects, determined by the Local Content and Governmental Procurement Authority and the Spending Efficiency Center. It is applied to high-value contracts. Competitors provide a percentage of local content, no less than the minimum required, and must clarify whether or not the company is listed in their submitted offers. This is included in the financial evaluation according to an equation that determines the winner of the competition.
Mechanism Characteristics:
In the financial evaluation, this mechanism grants a price weight equivalent to 60%. The remaining 40% includes:
- Baseline for local content.
- Target local content percentage.
- Being listed in the market.
You can visit the website of Local Content & Government Procurement Authority for more details:Local Content & Government Procurement Authority Website -
Local Content Score In Commercial Evaluation
Local Content Score In Commercial Evaluation
Local Content & Government Procurement Authority
This mechanism allocates weight to the local content and to companies listed on the financial market during the financial evaluation phase. An accounting formula determines the highest-ranking competitor.
Mechanism Characteristics:
In the financial evaluation, this mechanism grants a price weight equivalent to 60%. The remaining 40% includes:
- Baseline for local content.
- Target local content percentage.
- Being listed in the market.
You can visit the website of Local Content & Government Procurement Authority for more details:Local Content & Government Procurement Authority Website -
The Contracting Method Of Localization Of Industries And Knowledge Transfer
The Contracting Method Of Localization Of Industries And Knowledge Transfer
Local Content & Government Procurement Authority
Industry localization and knowledge transfer agreements are agreements directed to investors who own leading technologies around the world to motivate them to transfer technology and knowledge to the Kingdom in exchange for a government purchase guarantee, the percentage and duration of which are agreed upon according to a feasibility study that considers the investment returns on the government commitment as well as on the investor.
ECONOMICAL IMPACT:
- Developing local content through the impact of the establishment of factories by major international companies within the Kingdom as well as creating jobs, transferring knowledge, and creating new local supply chains.
- Attracting foreign investments.
- Reducing dependence on imported products and creating new opportunities to export local products.
You can visit the website of Local Content & Government Procurement Authority for more details:Local Content & Government Procurement Authority Website -
Customs Exemption
Customs Exemption
Ministry of Industry & Minerals Resources
Exemption of an industrial facility that has an industrial license from customs duties on its imports of raw materials, finished goods, semi-finished goods, packaging materials, machinery, and spare parts necessary for direct production.
Application conditions:
- Valid industrial license
- Valid commercial registration matching the industrial license
- The customs items for the goods required for exemption must be registered within the industrial license
- The quantity of requested materials should not exceed the licensed production capacity of the factory
You can visit the website of Ministry of Industry & Minerals Resources for more details:
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Value-Added Tax Exemption For Military Industries
Value-Added Tax Exemption For Military Industries
General Authority For Military Industries – GAMI
Military factories licensed by the General Authority for Military Industries are exempted from value-added tax.
Requirements:
- The entity must have a license from GAMI.
- The produced products are classified as a good for military applications
- The product(s) are being supplied to all sections of the Armed Forces and the Internal Security Forces in the Kingdom.
- Meeting all requirements and regulations of Zakat, Tax and Customs Authority.
You can visit GAMI website for more details:General Authority For Military Industries Website -
NUSANED Initiative
NUSANED Initiative
SABIC Company
In order to achieve SABIC’s localization agenda and local industry development, SABIC is initiating “Nusaned” –its first integrated localization engine to achieve Saudi Vision 2030.
The initiative offers:
- Obtaining raw materials from SABIC.
- Technology and technical support.
- Developing workforce capabilities.
- Organizational support.
- Industrial consulting.
- Knowledge, studies, and statistics.
- Financial empowerment.
- Business and marketing support.
- Discount and incentives.
You can visit the website of Nusaned initiative for more details:
Nusaned Initiative -
IKTVA Program
IKTVA Program
Saudi Aramco
Iktva (in kingdom total value add) provides a level playing field for suppliers through consistency and transparency in application and process. Uniform evaluations for both service and material suppliers will be consistent across the company, creating supplier-focused partnerships, and investment stability and assurance achieved through annual assessments.
moreover, iktva program has the potential to help companies develop new products, services and technologies through partnerships in and outside of the Kingdom.How does it work?
- The program will first establish an iktva baseline score for each supplier measured against key metrics for local value creation.
- Your company and Saudi Aramco can work together develop a 5-year iktva action plan to improve your iktva ratio.
You can visit the website of Iktva program for more details:
Iktva ProgramOpportunities platform
Investment Opportunities Platform promotes the establishment of state-of-the-art local manufacturing facilities in Saudi Arabia to comply with local content requirements. The annual opportunity size exceeds $16B. National Companies and Tier-1 OEMs/EPC contractors are encouraged to buy locally manufactured goods and services in order to meet the iktva targets which will benefit the potential investors.
You can visit the website of Iktva program for more details:
Iktva Program -
Consultancy Services
Consultancy Services
Saudi Industrial Development Fund – SIDF
Given the challenges facing these establishments in the industrial sector, a team of specialized consultants at the Saudi Industrial Development Fund intends to provide support to them by exploring appropriate opportunities to improve performance, achieve growth, and ensure sustainability.
Services Provided
Improving Cost Efficiency:
- Analysis of direct and indirect costs.
- Analysis of the company’s costs compared to the market.
- Analysis of raw material costs, suppliers, the procurement process, and more.
Market Strategy:
- Providing recommendations to improve the market strategy.
- Providing advice on sales and market strategy by studying prices and product mix.
- Analysis of market share, target customers, sales channels, and customer segmentation.
Improving Manufacturing Efficiency:
- Conducting a diagnostic analysis of the establishment’s operations and production processes.
- Identifying the factors that pose challenges in the production processes.
- Providing recommendations on how to enhance manufacturing efficiency based on standard studies and best practices.
You can visit the website of Saudi Industrial Development Fund for more details: Saudi Industrial Development Fund Website
Localization of Industries and Technologies
Localization of Industries and Technologies
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The Contracting Method Of Localization Of Industry & Knowledge Transfer (LIKT)
The Contracting Method Of Localization Of Industry & Knowledge Transfer (LIKT)
Local Content & Government Procurement Authority
Industry localization and knowledge transfer agreements are agreements directed to investors who own leading technologies around the world to motivate them to transfer technology and knowledge to the Kingdom in exchange for a government purchase guarantee, the percentage and duration of which are agreed upon according to a feasibility study that considers the investment returns on the government commitment as well as on the investor.Economical Impact:
- Developing local content through the impact of the establishment of factories by major international companies within the Kingdom as well as creating jobs, transferring knowledge, and creating new local supply chains.
- Attracting foreign investments.
- Reducing dependence on imported products and creating new opportunities to export local products.
You can visit the website of Local Content & Government Procurement Authority for more details:Local Content & Government Procurement Authority Website -
Tawteen Program
Tawteen Program
Saudi Industrial Development Fund-SIDF
Tawteen program is set to facilitate, enhance, and finance supply chain localization opportunities of the Kingdom’s industrial sector. To achieve this, SIDF established partnerships with leading companies in the Kingdom of Saudi Arabia to enable the switch to source locally manufactured products and spare parts. Through preferential financing solutions, the Tawteen program will help stimulate investment activities and support the national and local content strategy.Tawteen Objectives:
- Stimulate domestic and foreign investment to increase local content.
- Highlight localization opportunities.
- Measure and maximize SIDF Local Content contribution.
Benefits:
- Longer tenure of a minimum of 7 years.
- Longer grace period of up to 24 months.
- Fast track for projects with purchase agreements.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund -
Mutajadeda Program
Mutajadeda Program
Saudi Industrial Development Fund – SIDF
This program contributes to the improvement of local developers in the field of Renewable Energy’s production and promote the quality of products specialized mainly in Solar and Wind Energy. Thus, aligning them with the local and global demands through three tracks of financing:Financing Renewable Energy Components Manufacturing
- Longer tenor (up to 15 years).
- Including grace period (up to 36 months).
- Financing up to 75% of project cost.
- Alignment with the Renewable Energy Projects Development Office (REPDO).
Financing Distributed Solar Electrical Generation
- Longer tenor (up to 15 years).
- Including grace period (up to 36 months).
- Financing up to 75% of project cost.
- Available for projects owners and developers in commercial and agriculture sectors.
Financing Renewable Independent Power Producers (IPPs)
- Longer repayment period (up to 20 years).
- Including grace period (up to 36 months).
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund -
Exploration Enablement Program
Exploration Enablement Program
Ministry of Industry and Mineral Resources and Ministry of Investment
The Ministry of Industry and Mineral Resources and the Ministry of Investment launch an exploration enablement program to accelerate Greenfields exploration and attract investment in the Kingdom’s mineral sector through:
- Improve geological knowledge that supports investment through providing data that is collected to international best practice and using innovative techniques.
- Stimulation exploration activity accelerated to support strategic and pivotable objectives in the Kingdom’s mining sector.
- Building capability and capacity of local talent in the mineral exploration and mining sector in the Kingdom.
- Exploration opportunities in new and emerging areas to expand knowledge of the Kingdoms’ exploration potential.
Requirements:
- Exploration must focus on critical minerals such as Cu, Li, and Ni (Class ‘A’ category of the Mining Investment Law).
- Exploration activities must focus in underexplored areas or underexplored critical minerals.
- The applicant/investor must have a valid exploration license where the tenure in less than five years in duration.
- The investor/applicant must have relevant exploration expertise and track record in greenfield exploration.
- The applicant/investor must contribute to the development of local Saudi talent during the program period.
- The applicant/investor will make a commitment to using local providers for services and contracts.
You can visit the website of TAADEEN for more details: TAADEEN Platform -
Standard Incentives for the Industrial Sector
Standard Incentives for the Industrial Sector
Ministry of Industry and Mineral Resources, Saudi Industrial Development Fund, and Ministry of Investment
The incentives aim to promote economic growth, drive sustainable competitiveness, and attract investments to the industrial sector, across a wide number of sectors and products that are currently not manufactured in the Kingdom.
Key Features of Standard Incentives for the Industrial Sector:
- The Standard Incentives for the Industrial Sector provides enablers to innovative projects that will help grow Saudi’s industrial capacities.
- The SIP aligns with Saudi Arabia’s broader economic vision, including Vision 2030 and national strategies like the National Investment Strategy and the National Industrial Strategy, ensuring cohesion and maximizing impact.
- The SIP focuses on fostering investment by focusing on key sectors and products that are currently not produced locally in the Kingdom, encouraging diversification and self-sufficiency.
- By encouraging new foreign investors who are not yet established in the Kingdom to apply, the SIP supports Saudi Arabia’s goals of attracting Foreign Direct Investment (FDI) and driving industrial growth.
- The SIP offers sustained financial and operational performance enablement for up to seven years, throughout both the construction and operational phases, enabling manufacturing projects.
- The SIP will enable up to 35% of the eligible initial investment for a maximum of 50 million SAR.
Key Sectors Including:
- Building materials.
- Automotive.
- Downstream chemicals.
- Machinery and equipment.
- Aerospace.
- Pharmaceuticals.
- Metals.
- Medical Devices.
- Maritime.
- Food Processing.
Eligibility Criteria:
- An eligible product to be manufactured within the planned project (i.e., new facility or expansion of existing).
- Minimum equity participation of 25% in the initial investment.
- Acceptable financial position (i.e., based on an assessment of company leverage, liquidity, profitability, asset quality and credit check).
You can visit the website of Sanai for more details:Sanai Platform
Standard Incentives For The Industrial Sector
Standard Incentives For The Industrial Sector
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Standard Incentives For The Industrial Sector
Standard Incentives For The Industrial Sector
Ministry of Industry and Mineral Resources, Saudi Industrial Development Fund, and Ministry of Investment
The incentives aim to promote economic growth, drive sustainable competitiveness, and attract investments to the industrial sector, across a wide number of sectors and products that are currently not manufactured in the Kingdom.
Key Features of Standard Incentives for the Industrial Sector:
- The Standard Incentives for the Industrial Sector provides enablers to innovative projects that will help grow Saudi’s industrial capacities.
- The SIP aligns with Saudi Arabia’s broader economic vision, including Vision 2030 and national strategies like the National Investment Strategy and the National Industrial Strategy, ensuring cohesion and maximizing impact.
- The SIP focuses on fostering investment by focusing on key sectors and products that are currently not produced locally in the Kingdom, encouraging diversification and self-sufficiency.
- By encouraging new foreign investors who are not yet established in the Kingdom to apply, the SIP supports Saudi Arabia’s goals of attracting Foreign Direct Investment (FDI) and driving industrial growth.
- The SIP offers sustained financial and operational performance enablement for up to seven years, throughout both the construction and operational phases, enabling manufacturing projects.
- The SIP will enable up to 35% of the eligible initial investment for a maximum of 50 million SAR.
Key Sectors Including:
- Building materials.
- Automotive.
- Downstream chemicals.
- Machinery and equipment.
- Aerospace.
- Pharmaceuticals.
- Metals.
- Medical Devices.
- Maritime.
- Food Processing.
Eligibility Criteria:
- An eligible product to be manufactured within the planned project (i.e., new facility or expansion of existing).
- Minimum equity participation of 25% in the initial investment.
- Acceptable financial position(i.e., based on an assessment of company leverage, liquidity, profitability, asset quality and credit check).
You can visit the website of Sanai for more details:Sanai Platform
Exports Enablers and Incentives
Exports Enablers and Incentives
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Saudi Export Incentives Program
Saudi Export Incentives Program
Saudi Exports Development Authority
The Saudi Export Incentive Program aims to encourage Saudi companies to enter and expand export markets, as the program offers nine incentives that are compatible with the requirements of the World Trade Organization, covering the costs borne by Saudi companies in the different stages of their export activities.Products And Services:
- Individual Participation in Trade Fairs: Saudi Exports will provide this incentive to reimburse 65% of the fees up to ceiling of 150,000 SAR.
- Legal Support: Saudi Exports will provide this incentive to reimburse 85% of the fees up to a ceiling of 100,000 SAR.
- Marketing and Advertising: Saudi Exports will provide this incentive to reimburse 75% of the fees up to a ceiling of 200,000 SAR.
- Product Certifications: Saudi Exports will provide this incentive to reimburse 50% of the fees up to a ceiling of 250,000 SAR.
- Advisory Supply Chain & Export Strategy: Reimbursement of 55% of fees up to ceiling of 255,000 SAR.
- Potential Buyer Visit Support: Saudi Exports will provide this incentive to reimburse 90% of the fees up to 50,000 SAR.
- E-commerce Listing: Saudi Exports will provide this incentive to reimburse 70% of the fees up to a ceiling of 55,000 SAR.
- Product Registration: Saudi Exports will provide this incentive to reimburse 50% of the fees up to ceiling of 55,000 SAR.
- Specialized Training: Saudi Exports will provide this intensive to reimburse 55% of the fees up to a ceiling of 50,000 SAR.
You can visit the website of the Saudi Exports Development Authority for more details:Saudi Exports Development Authority Website -
Saudi Export-Import Bank
Saudi Export-Import Bank
Saudi Export-Import Bank
The bank aims to enhance the development and diversification of Saudi exports and increase its competitiveness, provide export financing and guarantee services, and secure export credit with competitive advantages, enhance confidence in Saudi exports and their entry into new markets and reduce the risks of non-payment, and provide credit facilities for exports.
Products And Services:
- Letter of guarantee: issuance of letters of guarantees.
- Buyer’s credit: short to medium-term revolving.
- Structured financing for international projects: Includes medium to long-term tailored loans.
- Working Capital Finance: Finance export-related working.
- Line of credit International and Domestic: Lines of credit extended to international and domestic Financial Institutions for import of Saudi Exports.
- Letter of Credit Insurance Policy: An insurance policy between Saudi EXIM and local commercial banks and financial institutions to protect them against the risk of nonpayment of an irrevocable Letter of Credit (LC) issued by the importer’s bank.
- Export credit insurance policy: A credit insurance policy that covers the Saudi exporter against the risks of non-payment of the international buyer resulting from commercial or political risks.
You can visit the website of the Saudi Export-Import Bank for more details:Saudi Export-Import Bank Website -
Cities And Special Economic Zones
Cities And Special Economic Zones
Economic Cities And Special Zones Authority (ECZA)
ECZA enhances the Kingdom’s global competitiveness by launching and enabling a range of cities and special economic zones that provide an attractive regulatory environment for investment. ECZA supports targeted competitive incentives and enablers, highly efficient integrated government services, and a stimulating living environment with global quality of life standards. The lunch took place in four special economic zones, including:
1- King Abdullah Economic City (KAEC) SEZ
Sectors of Opportunity:
- Automobile supply chain and assembly.
- Consumer goods.
- ICT (Electronic light manufacturing).
- Pharmaceuticals.
- MedTech.
- Logistics.
2- Ras Al-Khair Special Economic Zone
Sectors of Opportunity:
- Shipbuilding and MRO.
- Rig platforms and MRO.
3- Jazan Special Economic Zone
Sectors of Opportunity:
- Food processing.
- Metals conversion.
- Logistic.
4- Cloud Computing SEZ
Sectors of Opportunity:
- Cloud computing.
Access Attractive Economic Incentives Across The SEZ Network:
- Corporate income tax reductions.
- A variety of withholding tax exemptions.
- Deferred customs duties on goods entering the SEZ.
- Expat levy ensuring fees exemption for employees and their families in the zone.
- VAT exemptions based on sector/activity criteria.
- Flexible and supportive regulations around foreign talent.
You can visit the website of Economic Cities and Special Zones Authority (ECZA) for more details:Economic Cities And Special Zones Authority Website -
Promoting Saudi Made Products
Promoting Saudi Made Products
Saudi Made Program
Which aims to promote national goods and services to become the preferred option locally and internationally in collaboration with a group of public and private partners.
Provided Benefits:
- Marketing for products and local brands
- Use of “Saudi Made” logo on products
- Workshops participation
- Connecting with all government stakeholder entities
- Knowledge sharing and collaboration
You can visit the website of the Saudi Made Program for more details:Website Of Saudi Made Program -
Customs for Exports
Customs for Exports
Ministry of Industry and Mineral Resources
The customs exemption for industrial inputs intended for export is a waiver of customs duties imposed on inputs listed under the Industrial Capabilities List of the Ministry of Industry and Mineral Resources. These inputs must be used in products that are exported, based on the factory’s historical export performance over the past 12 months (four previous quarters).
Service time frame:
5 business days.
Requirements:
- A valid industrial license for the facility.
- An active and valid commercial registration.
- The materials must be included in the industrial license data.
- Submission of export data for the last year.
- The exemption request must pertain to inputs listed under the Industrial Capabilities List of the Ministry of Industry and Mineral Resources.
You can visit the “Sanai” platform for more details:Sanai Platform
Productivity Improvement
Productivity Improvement
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Tanafusiya Program for Industrial Digital Transformation
Tanafusiya Program for Industrial Digital Transformation
Saudi Industrial Development Fund – SIDF
Enhance productivity through automation, digitization , and implementation of industry 4.0.
The Initiative Requirements:
- For new and existing clients with a good standing.
- Brownfield projects that can provide financial statements for the last three years.
- Project’s ability to prove reducing energy consumption or energy cost.
- Commercially proven technology.
- Provide a feasibility study with reasonable Capex and OpeX projections.
- SIDF terms and conditions apply.
Benefits:
- Longer tenor (minimum of 7 years).
- Grace period that extends up to 24 months.
- Faster turnaround time within 8 weeks.
- Specialized advisory services.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Financing Solutions - Afaq Program
Financing Solutions - Afaq Program
Saudi Industrial Development Fund – SIDF
In line with supporting promising small and medium-sized industrial enterprises, the SME Scale-Up product was launched to provide financial facilities to SMEs with proven success records to allow them to increase their production capacity and reach the growth and expansion that resonates with their aspirations. This offering is available for both new and existing SIDF investors.The Initiative Requirements:
- Brownfield projects with three years of audited financials.
- Increase in revenue or volume sold.
- Terms and conditions apply.
Benefits:
- Longer tenure of a minimum of 7 years.
- Longer grace period of up 24 months.
- Fast track for projects with purchase agreements.
You can visit the website of Saudi Industrial Development Fund for more details:
Saudi Industrial Development Fund -
AdopTech Initiative
AdopTech Initiative
NIDLP program and Ministry of Communications and Information Technology
Initiative aimed at accelerating innovation and adopting emerging technologies, products, services, and local technological solutions within targeted sectors by providing digital incentivesInitiative Tracks:
- Adoption of digital capabilities
- Adoption of emerging technologies
Target Audience:
- Private sector
- Technology companies
Initiative Objectives:
- Assist establishments in enhancing productivity
- Improve quality through the use of Fourth Industrial Revolution technologies
- Reduce costs and enhance innovation and diversity
- Adapt to changes in the era of advanced technology
- Utilize artificial intelligence and analytics for quality control and data analysis to identify potential defects in the production process and improve them
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The launch of the Fourth Industrial Revolution Capabilities Center
The launch of the Fourth Industrial Revolution Capabilities Center
NIDLP Program, KACST, and MODON
The National Industrial Development and Logistics Program (NIDLP) has been launched in partnership with King Abdulaziz City for Science and Technology and the Saudi Authority for Industrial Cities and Technology Zones (MODON). The operational phase of the Fourth Industrial Revolution Capabilities Center in the Second Industrial City in Riyadh aims to develop innovative solutions to enhance the competitiveness of factories in line with the goals of Saudi Vision 2030The program aims to support factories in
- Monitoring operations to improve production planning and predictive maintenance
- Making more intelligent decisions
- Using 3D printing technology to reduce costs and delivery time
You can visit the website of The Fourth Industrial Revolution Center for more details: The Fourth Industrial Revolution Center Website
Also, you can find the location of The Fourth Industrial Revolution Center for more details: The Fourth Industrial Revolution Center Location
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Tanafusiya Program – Energy Efficiency Track
Tanafusiya Program – Energy Efficiency Track
Saudi Industrial Development Fund – SIDF
Which aims to apply techniques that reduce energy consumption, using energy auditing and management systems to support continuous improvements of energy performance such as; energy efficiency, energy security, and energy consumption.
Requirement:
- For new and existing clients with a good standing.
- Brownfield projects that can provide financial statements for the last three years.
- Project’s ability to prove reducing energy consumption or energy cost.
- Commercially proven technology.
- Provide a feasibility study with reasonable Capex and Opex projections.
- SIDF Terms and conditions apply.
Benefits:
- Longer tenor (minimum of 7 years).
- Grace period that extends up to 24 months.
- Faster turnaround time within 8 weeks.
You can visit the website of Saudi Industrial Development Fund for more details:
Saudi Industrial Development Fund
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Basic Digitization Solutions Initiative for Factories
Basic Digitization Solutions Initiative for Factories
Ministry Of Industry & Mineral Resources
Providing grants to factories to implement basic digitization and automation solutions, which are considered a requirement for advanced digitization and automation solutions and do not usually require large capital investments. These solutions include digitizing procedures, planning, communication systems, production line control, material handling systems, and packaging machines.
Eligibility Criteria:
- The factory must be established and productive.
- The factory must have obtained all necessary government licenses.
- The type of investment for the facility should be (industrial).
- The client must be a small or medium-sized factory and must obtain a certificate from the General Authority for Small and Medium Enterprises “Monsha’at” to prove this.
- The factory must have conducted a thorough assessment.
- It should be within the scope of basic digitization: solutions for digitizing procedures and planning.
- The solution or technology used should not have been previously implemented in the factory.
- The required solution or technology must be economically viable.
- The company implementing the solutions or technologies for the client must have a valid commercial registration issued by the competent authority in the Kingdom.
Required Documents:
- Industrial license certificate for the factory
- Monsha’at certificate
- Return on investment form
- Factory summary form
- Thorough assessment (SIRI assessment)
- Factory application form for the initiative (“Factory offers from each service provider”)
You can visit the website of Ministry of Industry & Minerals Resources for more details:Ministry Of Industry & Minerals Resources Website
SMEs ENABLING
SMEs ENABLING
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Financing Solutions - AFAQ Program
Financing Solutions - AFAQ Program
Saudi Industrial Development Fund – SIDF
Provide financial facilities for small and medium enterprises to increase production capacity and deliver the growth and expansion that resonates with investor’s aspirations.
Program Products And Services:
- Support growth of promising projects (established projects).
- Collaboration with business accelerators.
- Collaboration with other financing institutions (Social Development Fund).
The Program Offers The Following:
- Longer tenure (minimum of 8 years).
- Longer grace period (up to 24 months).
- Possibility to reduce net worth requirement to 50% of the loan amount.
- Upfront disbursement of 30% of the loan amount.
Program Objectives:
- Encourage and support small and medium projects to grow.
- Build local capabilities.
You can visit the website of Saudi Industrial Development Fund for more details:Saudi Industrial Development Fund Website -
Kafalah Program
Kafalah Program
Small & Medium Enterprises Loan Guarantee Program – Kafalah
The program provides effective guarantees to stimulate financing and support small and medium enterprises (SMEs) that contribute to strengthening the national economy. İt also provides financial guarantees to enhance enterprise access to the necessary financing through strategic partnerships, national cadres, and innovative and knowledge-based technical tools.
Objectives:
- Encouraging financial institutions to engage with the SME sector.
- Supporting SMEs in accessing appropriate financing.
- Attracting a new segment of SME owners.
You can visit the website of Kafalah program for more details:Kafalah Program Website -
The Venture Capital Initiative
The Venture Capital Initiative
Saudi Venture Capital Company
‘Monshaat’ has launched the Venture Capital Initiative, one of the initiatives designed to stimulate the private sector, which aims to stimulate venture investments by investing in funds as well as co-investing with angel groups for the primary goal of minimizing equity financing gaps for startups and SMEs. Saudi Venture Capital Company was founded in 2018 to implement the objectives of this initiative.
Objectives:
- Supporting start-up companies and investment funds.
- Creating an investment ecosystem with targeted practices to bridge financing gaps and achieve economic integration.
- Creating a successful investment environment by stimulating the private sector to invest in promising start-up companies.
You can visit Saudi Venture Capital Company website for more details:Saudi Venture Capital Company Website -
Indirect Lending
Indirect Lending
Small & Medium Enterprises General Authority – Monshaat
A service provided by the General Authority for SMEs ‘Monshaat’ among private sector stimulating initiatives, and in cooperation with the Social Development Bank to provide low-cost loans to finance companies licensed by the Saudi Arabian Monetary Agency, which provides financing solutions with competitive advantages for small and medium enterprises.
Program Objective:
- Promoting lending to micro, small and medium enterprises by providing low-cost loans.
You can visit Monshaat website for more details:Small & Medium Enterprises General Authority (Monshaat) Website -
Jadir Platform
Jadir Platform
Small & Medium Enterprises General Authority – Monshaat
An e-service that qualifies and empowers small and medium-sized enterprises by linking them to the purchasing opportunities of the public and private sectors and facilitating access of enterprises to purchasing opportunities to ensure growth and market opening.
You can visit Monshaat website for more details:Small & Medium Enterprises General Authority (Monshaat) Website -
"Monshaat Windows" Application
"Monshaat Windows" Application
Small & Medium Enterprises General Authority – Monshaat
In an effort to reach entrepreneurs and SMEs owners in all cities and governorates of the Kingdom, the General Authority for SMEs has created an application called “Monshaat’s Windows” to provide guidance and counselling services. The application aims to increase enterprise success and stability and to enable enterprises to overcome challenges by providing specialized advisers and mentors with business expertise.
Objectives:
- Reducing the failure rate or drop-out from the market through counseling and appropriate solutions by specialized advisers.
- Supporting entrepreneurs throughout the Kingdom.
- Increasing success rate for SMEs and enabling them to achieve stability, growth and overcome challenges.
You can visit Monshaat website for more details:Small & Medium Enterprises General Authority (Monshaat) Website -
Incentivizing Promising Factories
Saudi Industrial Development Fund - SIDF
Through it, it reduces the personal guarantees and financial solvency required to obtain financing, enabling entrepreneurs to start their industrial activities by creating innovative investment and financing tools.
Targeted Groups:
- Small and medium enterprises.
- Entrepreneurs.
Benefits:
- Soft loans (without asking for personal guarantees or mortgaging the investor’s property).
- Diversifying the investment tools available to entrepreneurs and small and medium enterprises.
Submission Mechanism:
Through the electronic loan platform provided by the Industrial Fund, on condition of joining and passing the industrial business incubators program.
Saudi Industrial Development Fund Website -
Funding Products
Small and Medium Enterprises Bank (SMEs Bank)
1. Working Capital Loan
This type of financing is targeting Micro, Small, and medium enterprises [whose annual revenues do not exceed SAR 200 million and the number of employees not exceeding 250]Loan Purpose:
Fulfilling Short-Term Financing needs: & to cover short-term expenses including the following:- Operating expenses including Rent, Utilities, Salaries to employees (Full-time/Part-time), Transportation, and other short-term liabilities
- Raw Material and finished goods purchases
Main Features:
- All sectors inclusive
- minimum of 1 year for Active CR
- Financing up to 15 million SAR
- Financing tenor up to 12 months
2. Term Loan
This type of financing is targeting Micro, Small, and medium enterprises [whose annual revenues do not exceed SAR 200 million and the number of employees not exceeding 250]Loan Purpose:
Fulfilling Medium-Term Financing & The purpose of Term Loans is to provide medium-term financing for SMEs, including fixed assets purchases and business expansion
Main Features:
- All sectors inclusive
- Minimum of 2 years for Active CR
- Financing tenor up to 36 months
- Grace period up to 6 months
3. Revolving Limit Loan
This type of financing is targeting Micro, Small, and medium enterprises [whose annual revenues do not exceed SAR 200 million and the number of employees not exceeding 250] with a revolving Credit limit that is re-initiated and set once the entire loan part has been paidLoan Purpose:
Fulfilling short-term financing needs & to cover the business operating expenses of Micro, Small, and medium enterprises with flexible loan withdrawals within the pre-approved credit limitMain Features:
- All industries are inclusive
- Financing up to 8 million SAR
- Financing tenor up to 12 months
- Minimum of 1 year for Active CR
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Guarantee Program to Support Working Capital Needs
Guarantee Program to Support Working Capital Needs
Saudi Industrial Development Fund-SIDF
A guarantee provided by SIDF to a financing entity or an industrial company, to support small and medium enterprises in obtaining credit facilities from Financial Institutions or enhanced credit terms from Corporate Creditors. The aim of the program is to support SIDF clients through the program partners.Program Paths:
Guarantee to support working capital needs path through commercial banks:- SAB
- Banque Saudi Fransi
- Riyad Bank
- Arab National Bank
Trade finance guarantee path to improve sales through our industrial company partner:- Tasnee
Benefits:
- Obtain credit facilities from financial institutions (Guarantee to support working capital needs Path )
- Improve credit terms with corporate creditors (Trade Finance guarantee path)
- Guarantee duration reaches 24 months
Beneficiary:
- Existing and operational
- Satisfactory relationship with SIDF (if existing)
- Audited financial statements for the last 3 years
- Proven need of working capital
- Profitable company for the last two years
You can visit the website of Saudi Industrial Development Fund for more details:
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Thakaa Center
Thakaa Center
Small & Medium Enterprises General Authority – Monshaat
Specialized centers in emerging technologies, working to empower establishments and entrepreneurs and contribute to achieving the Kingdom’s Vision 2030, by contributing to the creation of innovative startups, and increasing the efficiency of small and medium-sized enterprises. The centers aim to enable the small and medium enterprises sector to employ advanced technologies to develop these establishments and increase their competitiveness, and to be a link between entrepreneurs and decision-makers in their specialized fields.Center Services:
- Thakaa Challenges: Challenges aimed at encouraging entrepreneurs and talented individuals to find innovative solutions that serve business owners and government entities.
- Thakaa Pioneers: An intensive two-month program to empower innovative startups and distinguished existing establishments by providing direct guidance and performance evaluation by experts.
- Thakaa Camps: A series of intensive courses in a single training camp specialized in one of various sectors, ranging from 3 days to a week in duration.
- Workshops: Interactive lectures that introduce you to ways of using potential technical solutions for establishments to enhance innovation. Workshops are either in-person at the center or through live online broadcast.
- Thakaa Consultations: Free consultations provided by experts and consultants in the center’s fields, offering solutions for modeling and launching initial products in the market.
- Thakaa Meetings: Monthly meetings hosted by the Thakaa center, rich in dialogues and discussions for knowledge and experience exchange.
- Thakaa Library: Explore diverse digital learning resources such as brochures, articles, and registered workshops in the fields of entrepreneurship and technology.
- Thakaa Opportunities: Your opportunity to innovate smart, scalable solutions for various products and projects based on emerging technologies provided by Thakaa Center experts in partnership with public and private entities.
- Thakaa Plus: Support your promising business through exclusive and diverse services. Be one of the beneficiaries and develop your establishment.
You can visit Monshaat website for more details: Small & Medium Enterprises General Authority (Monshaat) Website -
1K Mile Program
1K Mile Program
National Industrial Development and Logistics Program – NIDLP
It aims to empower entrepreneurship in the industry and logistics services sector, to contribute to achieving the ambitions of Saudi Vision 2030 by providing a package of enablers and incentives to support investment opportunities.Incentives:
- Financial incentives.
- Feasibility studies.
- Industrial land / Ready-made factory.
- Presentation to investors.
- Market entry.
You can visit the website of 1K Mile Program for more details:1K Mile Program Website -
Mazaya
Mazaya
Small & Medium Enterprises General Authority – Monshaat
In line with the Small & Medium Enterprises General Authority (Monshaat) commitment to supporting SMEs by reducing their costs, enhancing their efficiency, and improving their performance, the Mazaya platform was created. Through collaboration with distinguished service providers, the platform offers exclusive and discounted services from the private sector and select government entities to small and medium enterprises.
Mazaya Definition:
Mazaya is an online platform that provides a variety of services and benefits at discounted and subsidized rates from Monshaat. It caters to the needs of small and medium enterprises (SMEs), making it easier for them to access offers and discounts provided by government and private sector entities. The platform aims to help SMEs reduce costs and improve their overall performance.
Mazaya also offers an opportunity for private sector service providers to access a large customer base of SMEs, which represent up to 99% of all commercial establishments in Saudi Arabia.
Target Audience:
- Micro enterprises
- Small enterprises
- Medium enterprises
Eligibility Requirements:
- Create an account on the platform.
- Possess a valid commercial registration.
- Meet any applicable service-specific conditions.
You can visit the website of Mazaya for more details:Mazaya Platform -
Complementary Service Request
Complementary Service Request
Saudi Authority For Industrial Cities And Technology Zones – MODON
“Modon” has designed the “Complementary Service Request” to empower and support entrepreneurs from small and medium-sized enterprises (SMEs) in establishing investment activities within existing factories. This initiative aims to enhance the production capacity of large factories while enabling smaller factories to enter the industrial sector and expand their activities across various fields. Additionally, it addresses the needs of large factories to make use of available spaces, creating mutual benefits for both parties.
Service time frame:
10 working days.
Service prerequisites:
General conditions for public units to operate or lease an entity within the factory:
- The partner’s contract should be valid and the remaining period in the existing contract should not be less than two years.
- To be committed to safety requirements and not have any violations that have not been dealt with by the factory.
- Integrity of the official documents of the partner and the organization, such as the commercial registration, and to provide all official documents of the organization, such as the commercial registration and industrial license (if applicable).
- Matching of the activity of the entity to the suggested site with the general plan of the industrial city and the activity of the existing factory.
- Fulfill the requirements for issuing third-party licenses on the entity’s website.
- To sign a contract between the partner and the entity that clarifies the obligations of the parties, the joint benefits, and the services covered by the contract.
Requirements to be available on the site:
- Availability of independence for the new organization, such as the presence of a separate entrance for the organization to the establishment as a building or a part of their own within the administrative offices.
- Availability of guiding signs outside and inside the factory boundaries indicating the location of the entity.
- The space required to operate the organization/s should not exceed 20% of the total area of the producing factory
- The area of any of the entities shall not be less than 250 square meters.
- The number of organizations should not exceed one per 10,000 square meters, as a maximum.
You can visit the Shareek portal for more details:Shareek Portal