Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef stated that the Kingdom provides funding of up to 75% of the value of qualitative industrial projects.
This came during his meeting with a number of Qatari investors at a gathering organized by the Qatari Businessmen Association in Doha, in the presence of Saudi Ambassador to Qatar Prince Mansour bin Khalid bin Farhan.
During the meeting, Al-Khorayef highlighted the incentives, enablers, and qualitative investment opportunities provided by the Kingdom to investors from around the world, especially in the mining sector, which offers promising opportunities given the vast untapped mineral wealth of the Kingdom.
He also discussed incentives offered by the industrial and mineral wealth system, particularly in terms of various financing sources, along with the well-prepared infrastructure in over 36 industrial cities across the Kingdom. Moreover, the minister highlighted the qualitative capabilities the Kingdom provides such as ready-made factory products and long-term leases.
He stressed that the private sector is a true driver of the industrial development witnessed by the Kingdom, noting that the National Industry Strategy is fundamentally built on partnership with the private sector.
This reflects the Kingdom's belief in the importance of the private sector and its ability to create promising opportunities in various fields, the minister noted.
