العربية
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Promising Factories Initiative "Soft Loans"

The Promising Factories Initiative is a su​​b-initiative Industrial Sector Support Initiative that aims to stimulate investment in National Industrial Strategy sectors by providing innovative lending and investment instruments that allow entrepreneurs with lower net worth to obtain funding and start their industrial activity.

Objectives of the Initiative

To stimulate investment in National Industrial Strategy sectors by supporting Entrepreneurs and SMEs financially to establish new factories.

Target Market

The initiative primarily target two channels of investment sourcing:

  • Entrepreneurs who graduate from Industrial Incubators
  • SMEs that are qualified by MIMR investment programs.

Initiative Benefits ​

  • 20% percent advanced disbursement of the loan amount
  • The grace period reaches 24 months
  • Tenor period up to 10 years.
  • Funding percentage: up to 50% of the project cost.

Initiative Outputs

  • Establish new factories in the priority sectors of the National Strategy for Industry.
  • Stimulate the private sector and reduce the required financing gap in the industrial sector.

Eligibility Criteria​​​​​

  • Feasibility study along with project implementation plan
  • The project must be in the Kingdom of Saudi Arabia
  • Feasibility study along with project implementation plan
  • Project qualified by partner business incubators or one of the MIMR’s investment programs
  • The project scope of work could be in several sectors
  • Client to secure the remaining percentage of the project value that was not financed by the initiative​
  • The cost of the project should not exceed SAR 100 million

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