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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.
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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:
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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.
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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.
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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.
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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.
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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:
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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.
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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.
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Lending Activity Statistics