Industry ministry launches program to turn ideas into industrial projects

The Ministry of Industry and Mineral Resources, in cooperation with Imam Mohammad Ibn Saud Islamic University, has launched the Industrial Ideas Growth Program. The initiative aims to develop entrepreneurial concepts and transform them into high-value industrial projects in priority sectors, supporting the growth, sustainability, and competitiveness of Saudi Arabia’s industrial sector.

The university will host the program for two weeks, focusing on helping entrepreneurs gradually turn their ideas into viable business opportunities and projects. The process begins with identifying an industrial problem or opportunity, followed by market analysis and defining target customers, and culminates in assessing the initial feasibility of the idea and developing a product concept.

The program began on October 19 and includes field visits to several industrial facilities. The Saudi Industrial Development Fund Academy is also contributing, with its experts providing support for the development of participating ideas and projects.

This initiative is part of the Ministry of Industry and Mineral Resources’ broader efforts to foster the growth of industrial ideas and convert them into value-added projects, in line with the goals of Saudi Vision 2030 to enhance the sector’s growth, sustainability, and competitiveness.