SR 2 bn SIDF loans for 17 projects
Riyadh - SPA
The Saudi Industrial Development Fund (SIDF) has approved 17 loans valued at SR Two billion to establish 11 new industrial projects and expand six existing projects with a total investment of SR 11.48 billion, its Director General said yesterday. Mining industries received the lion’s share of SIDF loans amounting to SR 900 million, followed by engineering industries (SR 355 million), chemical industries (SR 257 million), building materials (SR 226 million) and consumer industries (SR 165 million), said Ali bin Abdullah Al-Ayed in a press statement published today.
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