SIDF continues to better the work environment across various platforms by fostering competitiveness to attract top national talents and expertise. SIDF remains committed to implementing the highest international standards of quality and efficiency, culminating into notable milestones in 2023, including:

Fourth: SIDF Academy

SIDF Academy Vision

To be a primary knowledge hub building human capabilities in priority sectors essential to achieving industrial evolution in the Kingdom.

SIDF Academy Mission

To build human capabilities of SIDF employees, clients, and agencies within the industrial ecosystem through offering top-notch programs in collaboration with renowned training and educational institutions, and through incorporating innovative teaching methods that align with SIDF’s core functions and national objectives.

SIDF Academy Strategic Objectives

Establish a competency matrix aligned with the national objectives.
Develop specialized programs that focus on SIDF core functions.
Strategic alignment with government and private organizations in the industrial ecosystem.
Develop human capabilities to serve SIDF industrial development needs, SIDF clients, and the industrial ecosystem
Conclude strategic partnerships with leading local and global educational institutions to enhance the learning journey.

Key Initiatives and Programs in 2023:

Training Portfolios

Finance

Management & Leadership

Digitization & Innovation

Specialized Programs

1. Empowerment of Human Capabilities

SIDF Academy has played a crucial role in training and developing skilled individuals in alignment with Saudi Vision 2030. The Academy offers high-quality education and training programs that cater to the needs of employees within the industrial ecosystem across various fields. Its objective is to enhance the capabilities of human resources and provide specialized education of exceptional quality. SIDF Academy successfully trained 2,064 individuals from both the industrial ecosystem and SIDF including its customers, who benefited from the financial, business, digitization, innovation, and professional development programs. Additionally, the Academy’s Nokhab Programs served 174 trainees while 30,122 participants attended seminars on topics such as finance, manufacturing, and economics

10
Partnerships with educational and training providers
8
Nokhab Programs
350
Beneficiaries from the government and private sectors
12
Seminars in various fields
2064
Trainees
68
Training programs

2. SIDF Academy Received Institutional License from NEC to Provide E-training

SIDF Academy successfully obtained the institutional license the National E-learning Center to provide online training courses. SIDF Academy met all the necessary standards set out by NEC. This license is yet another proof that the Academy is ready to provide world-class online training programs that align with the national industrial development objectives. The license also allows SIDF Academy to establish national and international strategic partnerships with leading educational institutions to provide human capabilities with the necessary skills and abilities.

3. SIDF Launched Several E-learning programs

Several e-learning programs were announced in partnership with the National eLearning Platform (FutureX). The programs are provided by leading education platforms such as Coursera and EDX. FutureX aims to promote eLearning by delivering services and initiatives through national and global partnerships.

4. SIDF Delivered Third Batch of Nokhab Training Program (45 trainees)

A third batch of Nokhab Program – comprising 45 trainees - successfully completed the course across its three tracks:

Nokhab Credit Program
Nokhab Engineering Program
Nokhab Market Studies Program

The graduation ceremony was attended by H.E. the Minister of Industry and Mineral Resources and SIDF Chairman Mr. Bandar bin Ibrahim Alkhorayef, H.E. CEO of Saudi EXIM Bank Eng. Saad bin Abdulaziz Alkhalb, and H.H. CEO of SIDF, Prince Sultan bin Khalid Al Saud.

5. Strategic Agreements and Partnerships

SIDF Academy entered into partnerships with renowned international and local education and training providers, to promote the skills of industry employees in both the public and private sectors. The universities and institutes possess excellent capabilities in diverse training fields. The primary objective was to foster the growth of the human capital sector within the Kingdom by signing agreements in 2023 with the following major organizations: