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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.
SIDF Overview
View DetailsBoard of Directors
View DetailsOrganizational Structure
View DetailsChairman’s Message
View DetailsCEO’s Message
View Details02
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:
First: Lending Activity
View DetailsSecond: Financing Programs and Products during 2022
View DetailsThird: Digital transformation
View DetailsFourth: Development of human capital
View Details03
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.
The Economic Position of the Kingdom during 2022
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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.
Lending Activity
View DetailsFirst: Sectorial Distribution of Approved Loans
View DetailsSecond: Geographical Distribution of Approved Loans
View DetailsThird: Approved Loans for Financing Programs and Products
View DetailsFourth: Projects that Started Production in 2022
View Details05
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.
SIDF Strategy
View DetailsMain Objectives of Strategic Plan
View DetailsSIDF Key Performance Indicators
View Details06
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.
Digital Business Development
View DetailsSIDF Journey in Digital Transformation
View DetailsOrganize the House (OTH) Program
View DetailsKey Completed Projects
View DetailsTechnical Awards and Certificates
View Details07
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:
Human Resource Development
View DetailsSIDF Academy Key Achievements
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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.
Vaccine Types
View DetailsHuman Vaccine Supply Chain
View DetailsThe Human Vaccine’s Journey
View DetailsInternational Market Highlights
View DetailsKSA Market Highlights
View DetailsChallenges
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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.