16 Shawwal 1445 - 25 April 2024
    
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Eye of Riyadh
Business & Money | Friday 1 March, 2024 6:43 am |
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Industry Ministry focuses on small investors in industrial sector: AlKhorayef

The Ministry of Industry and Mineral Resources recently focused on small investors in the industrial sector as Saudi Arabia doubles down on youth who perceive industry as a promising opportunity, according to Minister Bandar AlKhorayef.

 

 

 

In an interview with Al Ekhbariya TV, Alkhorayef said that the ministry has implemented a financing program tailored for small investors and entrepreneurs, featuring simple conditions. He also highlighted the significance of ready-built factories as a crucial opportunity in this regard.

 

 

 

The minister noted that the industrial Oasis Model created a new opportunity for a specific type of investors and industries, emphasizing that it provides opportunities for small investors, entrepreneurs, and empowers women.

 

 

 

A significant portion of the available spaces in the oases was designated for ready-built factories, he added. This approach aims to alleviate the financial burden on investors and expedite the construction and licensing procedures.

 

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