The Saudi Industrial Development Fund was established in 1974 by Royal Decree with a capital of SAR500 million, since then SIDF has been supporting Saudi Arabia’s manufacturing industry by providing medium and long-term project financing, advisory solutions, and human capital development for the ecosystem.
In 2019 SIDF underwent a corporate and digitalization transformation and became the primary financial enabler of The National Industrial Development and Logistics Program (NIDLP), a Vision 2030 program. As such, SIDF has updated its bylaws, extended its support to cover four sectors: mining, energy logistics, and manufacturing/industry. SIDF’s capital also increased to reach SAR105 billion. With this growth, SIDF expanded its financial offerings to include working capital, acquisition financing, multipurpose, loans, supply chain financing, in addition to project financing. Recencly, SIDF complimented its financing with advisory services focused on go to market strategies and cost optimization. SIDF also underwent a complete digitalization, launched its end to end e-loan system “Tamkeen”, and was the first government entity to offer digital legal loan agreements.
To enable and support the Kingdom’s mining priorities, SIDF support is extended to the mining sector and includes the following: