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RIYADH: Saudi Industrial Development Fund has approved a total of 930 loans, valued at over SR75.4 billion ($20 billion), since the launch of the Kingdom’s Vision 2030 six years ago. Small and medium enterprises accounted for 79 percent of the loans, while the total value of the amounts disbursed to clients was over SR50 billion, according to media outlet Al Eqtisadiah. From
RIYADH: International investors should be encouraged to become part of industrialization in Saudi Arabia as the Kingdom focuses more on localization and elevating local content, according to Sulaiman Al-Mazroua, CEO of the National Industrial Development and Logistics Program. In an exclusive interview with Arab News on the sidelines of the Local Content Forum in Riyadh on
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
The Saudi Ministry of Industry and Mineral Resources (MIM) has announced the final three competitors for a mining exploration license for Khnaiguiyah, the Kingdom’s largest site made available to date.
MIM received numerous inquiries and 6 world-class proposals from companies around the world seeking to explore the site, and the ministry is looking forward to the third and final stage of the license application process, which will kick off on Sept. 4.