Concessional government loans for factories and industrial projects
The Saudi Industrial Development Fund (SIDF) provides concessional loans (very low rates and long tenors) for industrial projects in Saudi Arabia. Goal: support local manufacturing and Vision 2030 economic diversification. Accepts even new projects (no operating history) if the project is well-structured.
20,000,000 ومعلى
SAR max
Up to 20 years
Tenor
3 to 6 months (detailed review)
Speed
2-4% APR
Cost
Submit initial application via SIDF website with preliminary feasibility
SIDF reviews: local value-add, job localization, commercial viability
On preliminary approval, submit detailed feasibility and operating plans
SIDF negotiates terms: rate (typically 2-4%), tenor, repayment schedule
After signing, financing disburses in stages based on project progress
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Maximum amount
20,000,000 ومعلى SAR
Tenor
Up to 20 years
Cost structure
2-4% APR
Funding speed
3 to 6 months (detailed review)
Usually no. SIDF specializes in manufacturing and industrial projects. For services and trade, use other lenders (banks, crowdfunding platforms, Kafalah). But industry-supporting projects (logistics, energy, industrial vocational training centers) may qualify.
Typically 3-6 months from application to signing. Large projects (over SAR 100M) may take up to a year. Longer than commercial financing but terms are much better (2-4% vs 8-14%).
Yes, and this is the preferred strategy. SIDF prefers 25-30% of the project to come from other sources (equity, guarantors, commercial loans). SIDF finances the main fixed assets (factory, equipment); other sources cover working capital and expansion.
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