The Saudi Industrial Development Fund (SIDF) is a financial wing of the Saudi Arabian government established in 1974. The SIDF was established to provide mid-term and long-term loans to the private industrial sector. It is currently led by the Chief Executive Officer, Dr. Ibrahim Almojel. In 2018, the fund had appropriations of more than $2.4 billion, which has led to the establishment of 108 industrial projects. Previously, SIDF used to finance only local manufacturing businesses. However, 2019, SIDF has started to finance energy, logistics and mining projects in Saudi Arabia. More information...
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