The Minister of Industry and Mineral Resources announces the establishment of the “SIDF Investment” Company

Today, the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, announced the establishment of the “SIDF Investment Company,” which will partner with the private sector in investing in the promising opportunities available in strategic and qualitative sectors.
According to what the Industrial Development Fund published on its Twitter account, the company will contribute to raising the private sector’s contribution to investment in industrial, energy, mining and logistics projects, encouraging entrepreneurs and investors to expand in the areas of the targeted sectors, and developing the Kingdom’s economy by contributing to the growth of... Non-oil GDP and investment in promising projects.
For his part, Ibrahim Al-Mojil, CEO of the Industrial Development Fund, told Al-Sharq TV: The capital of the Industrial Investment Fund Company amounts to two billion riyals, indicating that the company will offer investment financing products to support the local manufacturing sector