The Saudi Industrial Development Fund (SIDF) has recently released a special report that covers its “4th Private Sector Enablement Event” and highlights several new programmes, services and projects.
Titled ““Differentiate through Enablement”, the report explores new programmes the Ministry of Industry and Mineral Resources’ Local Industry Stimulation Initiative (LISI), the SIDF Investment Company, initiatives for Saudi small and medium-sized enterprises (SMEs), new products and services and insights from experts and industry leaders.
It highlights the Competitive Accelerator Pathway, which falls under the umbrella of “Future Factories” initiative to finance technological innovation in automation and digitization, incentivising factories to adopt new technologies for the Fourth Industrial Revolution. The report sheds light on a series of legislative and financial initiatives to stimulate the industry and enhance competitiveness.
The report was launched during an event held under the patronage of H.E. the Minister of Industry and Mineral Resources, Chairman of SIDF Board, Mr. Bandar Ibrahim Alkhorayef, and in the presence several excellences, government officials, private sector leaders, and investors in sectors of industry, energy, and mining and logistics.
Click here to read the full report.