Saudi Industrial Development Fund (SIDF) approves SAR 2.8 bln for 19 industrial projects

The board of directors of Saudi Industrial Development Fund (SIDF) has approved 19 loans worth SAR 2.8 billion for the establishment of 15 new industrial projects and expansion of 4 existing industrial projects whose total investment stood at SAR 5.4 billion, according to Arab News.

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The chemical industry sector came first among all other industrial sectors to receive the highest value, which amounted to SAR 1.45 billion, SIDF chief Ali bin Abdullah Al-Ayid said.

This was followed by the cement industry with a loan of SAR 624 million, the engineering industry at SAR 368 million, consumer industry sector with SR184 million, the building materials industry sector withSR 160 million and the other industry sector with SAR 40 million, he said.

Via : Arab News

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