The Saudi Industrial Development Fund (SIDF) in cooperation with the Saudi Authority for Industrial Cities and Technology Zones (MODON), the Royal Commission for Jubail and Yanbu (RCJY), and King Abdullah Economic City (KAEC) have designed a new program" Logistics Land and Loan" for investors in the logistics sector. The program expands the support provided to this sector in the Kingdom by enabling investors to apply for a logistics loan, facilitating the procedures for obtaining the – support they need, and allocating a logistical land for the project. This new program will help investors save time, effort, money, and promote investment in industrial and economic cities and areas.
In developing the process of obtaining land and industrial loan in industrial cities, SIDF partnered with MODON to offer "Land and Loan" Program. A financing service that blazes a path for investors to exceptional incentives. Including the allocation of land for industrial investment in one of the industrial cities, through the consolidated application service and points of contact.
As SIDF pushes to develop the industrial sector, stimulate investment, and consolidate policies and procedures for obtaining a ready-built factory and industrial loan SIDF partnered with MODON to offer "Factory and Loan" program. A service that allows investors to submit a request for financing including the allocation of a ready-built factory through the consolidated application service and delaying rent payment for the factory after obtaining the industrial loan.
In addition to an annual rent discount of 15% for the first 5 years, and no more than 20 thousand riyals annually for several promising industrial cities.
A program jointly developed by the Saudi Industrial Development Fund and the Royal Commission for Jubail and Yanbu. This product saves time and effort of the investor through the standardization of application procedures and requirements of the Royal Commission for Jubail and Yanbu and the Saudi Industrial Development Fund. It also reduces the financial burden on the investors as they pay for allocated plots of land after SIDF’s approval of the loan, instead of paying the land lease fees before submitting the application
This program is jointly developed by the Saudi Industrial Development Fund and the Economic Cities and Special Zones Authority and King Abdullah Economic City. It aims to develop the industrial sector, motivates industrial investors and standardizes procedures and requirements for land and industrial loan applications submitted to the Economic Cities and Special Zones Authority and the Saudi Industrial Development Fund. Moreover, this product reduces the annual lease fees by 15% through King Abdullah Economic City. In addition, only 10% of the lease fees is collected from the investor in exchange for land reservation prior to SIDF’s approval of the loan.
SIDF is committed to providing investors with the incentives they need to commence their industrial project. As a result, SIDF offers in collaboration with SPARK, "the industrial Land and Loan" program. It enables investors to request financing that includes the allocation of land for industrial investment in Spark, in addition to reducing the financial burden on the investor by allocating and billing the requested industrial land after SIDF’s approval instead of needing to meet the land lease fees before applying for the loan.
