Second: Geographical Distribution of Approved Loans

SIDF Approved Loans for Promising Regions in the Kingdom

SIDF Board has approved a range of new regulations and features that establish the percentage of financing provided by SIDF for industrial projects in promising regions and cities throughout Saudi Arabia. These regions are situated outside the borders of the country’s central regions and cities. This stride aligns with Resolution No. 296, issued by the Council of Ministers on 12/09/2011, which increases the loans granted by SIDF for projects in less developed regions and cities (promising regions) from 50 to 75% of the total project cost. Moreover, the new regulations extend the repayment period for said loans from 15 to 20 years, to expand the scope of the industrial sector, and include all the Kingdom’s regions.

 

35

Loans

2148

SAR million

26

of total loans

17

of total loans

Cumulative loans until the end of 2023

1169

Loans

70087

SAR million

23

of total loans

31

of value of total loans

2023

   

70193

million Riyals

2022

   

68044

million Riyals

2021

   

56626

million Riyals