Fintech lending to Saudi industrial projects surges 130% in H1 2026

The Ministry of Industry and Mineral Resources has announced a record increase in fintech companies’ lending to industrial projects in Saudi Arabia, reaching 541 million riyals (SAR) in the first half of 2026. This marks a 130% rise compared to the same period last year, when total loans amounted to 234 million riyals.

The ministry explained that this growth reflects its ongoing efforts to provide diverse financing solutions that support the expansion and development of the Kingdom’s industrial sector.

Strategic partnerships with fintech firms

The ministry noted that the increase was achieved through strategic partnerships with several leading fintech companies, including Taameed, Tarmeez Financial, Dinar, Forus, Yanal, Sukuk, and Lendo. The number of partnered companies grew from three in the first half of 2025 to seven in the same period this year.

The ministry added that these partnerships aim to address financing challenges faced by industrial enterprises, connecting them with flexible and innovative credit solutions that support production continuity and operational expansion. The financing products include working capital loans, invoice financing, and funding for industrial project expansion.

Workshops and expanding partnerships

In addition, the ministry organized a series of workshops for entrepreneurs and industrial investors to raise awareness of the financing solutions offered by fintech companies and how to benefit from them. The ministry also worked to broaden its partnership base with fintech firms to diversify financing products and increase lending to the industrial sector.

Initiatives included sharing the industrial database with financing solution providers to facilitate access for industrial companies to financial enablers that meet their needs.

Ongoing support for the industrial sector

The Kingdom’s industrial ecosystem continues to offer enablers and initiatives that encourage industrial investment, especially through diverse financing options. These efforts align with the goals of Saudi Vision 2030, which seeks to maximize the impact of industry as a key pillar in diversifying the national economy and transforming Saudi Arabia into a leading industrial powerhouse.