18 Dhu al-Qi'dah 1445 - 26 May 2024
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Eye of Riyadh
Business & Money | Thursday 2 May, 2024 10:12 am |

Ministry finances up to 75% of industrial projects: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said that the Kingdom provides financing of up to 75% of the value of quality industrial projects.


According to the Ministry’s statement, during the meeting organized by the Qatari Businessmen Association in Doha with a number of Qatari investors, Al-Khorayef reviewed the incentives, possibilities, and qualitative investment opportunities that the Kingdom provides to investors from all over the world, especially in the mining sector, that provides promising opportunities in light of the Kingdom’s untapped mineral resources.


The official highlighted the incentives provided by the industry and mineral resources systems, especially in the multiple sources of financing, in addition to the prepared infrastructure in more than 36 industrial cities around the Kingdom. He further pointed to the qualitative possibilities that the Kingdom provides, such as the production of prefabricated factories and long-term rentals.


The industrial development witnessed by the Kingdom is mainly driven by the private sector, the minister noted, adding that the national strategy for industry was originally built in partnership with the private sector, due to the Kingdom’s belief in the importance of the private sector and its ability to create promising opportunities in various fields.





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