01

SIDF Overview

The Saudi Industrial Development Fund (SIDF) was established in 1974 with an initial capital of SAR 500 million, aiming at providing financial support to the industrial sector in Saudi Arabia. Over the span of 48 years, SIDF gradually increased its capital to SAR 105 billion by 2019. Throughout its existence, SIDF has adapted its support to evolving needs of the industrial sector, by encouraging investment opportunities, promoting local industry development, enhancing performance, fostering competition, and backing strategic initiatives.

02

2022 Highlights

During 2022, SIDF made considerable strides in its performance, evidenced by a range of compelling facts and figures that demonstrate its achievements and significant contributions in various crucial areas. The following notable highlights encapsulate its noteworthy accomplishments:

03

Trends & Indicators of National Economy

During 2022, global economy encountered significant difficulties arising from multiple factors. Political tensions in various countries contributed to a decrease in economic activities. Moreover, higher energy prices and inflation rates led to more stringent financial and monetary conditions across different economies. The lingering effects of the COVID-19 crisis also continued to impact the global economy. According to the International Monetary Fund, there was an estimated 3.2% deceleration in global economic growth in 2022 compared to the previous year.

04

Lending Activity

SIDF has actively contributed to development of the local industrial sector by granting a wide range of loans to support projects in different sectors throughout the Kingdom. The data provided indicates that a significant proportion of loans approved by SIDF have been allocated to industrial projects located in promising regions and cities.

05

SIDF Strategy

SIDF’s strategy is a testament to its continuous commitment to drive industrial transformation in Saudi Arabia. The strategic plan revolves around four key pillars that are closely interlinked with specific objectives. These objectives aim to empower the ecosystem by offering experience and knowledge-based products and services, and to boost investment appeal through a range of offerings. To ensure the success of the strategy, SIDF is fortified by strong organizational capabilities and a sustainable service delivery model.

06

Digital Transformation & Information Technology

The Digital Government Authority (DGA) has introduced a framework of guidelines and benchmarks to evaluate the level of compliance with standards and enhance the efficiency and effectiveness of government organizations. This initiative aims to support the objectives of Saudi Vision 2030. Below is an outline of the main criteria, as observed in the 10th digital transformation assessment for 2022 in comparison to 2021.

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Human Resource Development

In its pursuit of enhancing the working environment across various platforms and fostering a competitive atmosphere to attract top national talents and expertise, SIDF remains committed to implementing the highest international standards of quality and efficiency. In 2022, SIDF achieved several notable milestones in this regard, including:

08

Industry Study: Insights into the Human Vaccine Market

Human vaccines are classified based on the specific biological components they utilize to induce immune protection against pathogens within the human body. There are six distinct types of vaccines, each employing different biological mechanisms.

09

In Focus: Additive Manufacturing

Additive Manufacturing (AM), also known as 3D Printing, is the technique of creating objects by joining materials based on 3D model data. Unlike subtractive manufacturing methods like CNC, where material is removed to shape an object, AM builds objects layer by layer. Over the past four decades, AM technology has undergone significant advancements, including various sub-technologies that have brought about improvements in speed, quality, and commercial viability.

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Lending Activity Statistics