العربية
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Future Factories Initiative "Tanafusiya Accelerator Incentives Track"

Tanafusiya accelerator is financing, and incentivizing program specialized in financing automation, digitization, and energy efficiency projects by providing financial support and incentives to those wishing to adopt industry 4.0 and energy efficiency solutions.

Track Objectives

Contribute to improving the competitiveness of the industrial sector by adopting automation, digitization and energy saving solutions

Target Market

Brownfield factories.

Track’s Key Benefits​

  • Financial incentives up to 25% of project cost (Subject to terms and conditions).
  • Tanafusiya Loan from SIDF with following incentives:
  1. Financing up to 75% of the project cost.
  2. Grace period up to 24 months
  3. Longer tenor with a minimum 7 years.
  4. Faster turnaround time within 8 weeks for fast-tracks projects.

Track’s Outputs

  • Apply techniques that reduce energy consumption, using energy auditing and management systems to support continuous improvements of energy performance such as; energy efficiency, energy security, and energy consumption.
  • Employ the latest technologies by linking machines with smart systems to raise the efficiency of operations, to facilitate the transformation into the Fourth Industrial Revolution.

Eligibility Criteria​​​​​

  • The client must apply on accelerator platform on the ministry to request the incentive.
  • Obtained Tanafusyia loan from SIDF.
  • The project must be active and productive
  • The factory must have obtained all necessary licenses.
  • Commercially proven technologies must be used for the purpose of automation, digitization, or energy efficiency.
  • The project must be economically feasible.
  • Provide a feasibility study with reasonable Capex and Opex projections.
  • The project must be implemented within the validity period of the initiative.

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