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.
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.
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.
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.
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.
The applicant/trainee has to be:
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.
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.
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
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.
You can visit the Shareek Portal of the Saudi Authority for Industrial Cities and Technology Zones website for more details: Shareek Portal
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.
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:
Sectors of Opportunity:
Sectors of Opportunity:
Sectors of Opportunity:
Sectors of Opportunity:
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.
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.
In collaboration with Commercial Banks, SIDF has introduced the Letter of Credit as a default payment mechanism to Clients with preferred terms and conditions.
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.
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.
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.
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.
Short-term financing to facilitate early invoice payments that aims to support working capital needs and improve cashflows.
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.
Guarantee to support working capital needs path through commercial banks:
Trade finance guarantee path to improve sales through our industrial company partner:
You can visit the website of Saudi Industrial Development Fund for more details:
In collaboration with Dinar Investment Company, MODON offers financial solutions to its investors for quick and flexible financing.
You can visit the website of Dinar for more details: Dinar
In collaboration with Sukuk Capital, MODON offers innovative financing solutions with flexible repayment features, to enhance the contribution of the entrepreneurship sector and small and medium enterprises in developing the national economy.
You can visit the website of Sukuk for more details: Sukuk
In collaboration with Sukuk Financial Company, the Royal Commission for Jubail and Yanbu offers financing solutions to enhance cooperation in financing industrial companies operating in the Royal Commission cities.
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.
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.
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.
In the financial evaluation, this mechanism grants a price weight equivalent to 60%. The remaining 40% includes:
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.
In the financial evaluation, this mechanism grants a price weight equivalent to 60%. The remaining 40% includes:
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.
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.
You can visit the website of Ministry of Industry & Minerals Resources for more details:
Military factories licensed by the General Authority for Military Industries are exempted from value-added tax.
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.
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.
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.
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.
Improving Cost Efficiency:
Market Strategy:
Improving Manufacturing Efficiency:
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.
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:
Sectors of Opportunity:
Sectors of Opportunity:
Sectors of Opportunity:
Sectors of Opportunity:
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.
Enhance productivity through automation, digitization , and implementation of industry 4.0.
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
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.
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.
Provide financial facilities for small and medium enterprises to increase production capacity and deliver the growth and expansion that resonates with investor’s aspirations.
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.
‘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.
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.
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.
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.
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.
Fulfilling Medium-Term Financing & The purpose of Term Loans is to provide medium-term financing for SMEs, including fixed assets purchases and business expansion
You can visit the website of Saudi Industrial Development Fund for more details: