Saudi Press: Saudi Arabia Always Seeks to Enhance its Relations With GCC Countries in Various Fields    S.Korea Records 4,954 New Cases of COVID-19    Kuwait condemns terrorist Houthi militia attempts to target Riyadh city with ballistic missile    Bahrain strongly condemns launch of ballistic missile by terrorist Houthi militia towards Riyadh city    U.S. State Department Affirms its Support for the Kingdom of Saudi Arabia against Houthi's Terrorist Attacks    Saudi and Omani Companies Sign 13 MoUs Related to Joint Work in Promising Economic Sectors    Saudi Aramco Announces $15.5 Billion Landmark Gas Pipeline Deal with Global Consortium    Arab Parliament Condemns Terrorist Houthi Militia's Targeting of the Cities of Riyadh and Khamis Mushait with Ballistic Missiles    The Ministry of Defense: The Royal Saudi Air Defense Intercepts and Destroys A Ballistic Missile Launched by the Houthi Militia Towards Riyadh    Dr. Al Rabeeah inaugurates launch of first 154 aid trucks to Yemen    UN deplores conviction and sentencing of Aung San Suu Kyi    King Abdullah Port sponsors SMME reinforcing commitment to maritime sector    Crown Prince embarks on Gulf states tour    SWCC shares initiatives in realizing Saudi Green goals in London Forum    Saudi Export Development Authority Organizes Saudi Trade Mission to USA    Saudi Stock Exchange Main Index Ends Trading Lower at 11021 Points    LuLu group and EFAA group make kindness and support priority on World Disability Day.    Coalition forces shoot down two Houthi-fired drones    Saudi Arabia's new COVID-19 cases continue its slight rise    Saudi and GCC entrants set to dominate motorcycle and quad battles in Hail    10 days to go until Riyadh comes alive with MDLBEAST'S majestic shows    World Directs Attention to Final Round of FIA Cross Country Rally World Cup in Hail    Saudi ministry stresses need for wearing masks, social distancing in mosques    Pakistani education minister lauds Saudi e-learning success during the pandemic    Next pandemic could be more lethal than Covid, says vaccine creator    5-day Jeddah international motor show starts Today at 6 PM    Lewis Hamilton wins thrilling Saudi Arabian Grand Prix    Crown Prince attends inaugural Saudi Arabian Grand Prix    Deputy Governor of Hail: Hail International Rally is a practical translation of the wise leadership's support    Hail International Rally to Kick off Tomorrow    SAMI, Airbus to Form Joint Venture for Military Aviation MRO and Services    Hamilton sets pace in free trials in Formula 1 STC Saudi Arabian Grand Prix    Red Sea Immersive to provide enthralling experience: Liz Rosenthal    Invest in Saudi Arabia Initiative Announces its Partnership with Formula 1 Saudi Grand Prix    Duchess of Sussex wins latest court battle with Mail on Sunday publisher    Trolls join UN campaign for healthier eating, sustainable living    BIENALSUR Exhibition Arrives in Jeddah at Historic Site of Qasr Khuzam    Saudi Hind Al-Showaier Elected Regional Director of World Federation of the Deaf    Saudi Film Commission launch its strategy to develop film and cinema sector    Bollywood superstar Salman Khan to dazzle Riyadh Season on Dec. 10    First Full International Marathon in Saudi Arabia to be Held in March 2022    Bollywood star's 'India got freedom in 2014' remark stirs controversy    23 Saudi women obtain favorable verdicts in 'adhl' lawsuits    Bride's fingerprint not required in revised e-marriage contract    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SIDF expands financing of mining sector
Published in Saudi Press Agency on 31 - 12 - 2019

The Saudi Industrial Development Fund (SIDF) has announced the expansion of financing the mining sector, which is one of the main sectors funded by SIDF, in addition to industry, energy and logistics sectors. This comes as a confirmation of SIDF's roles as a major financial provider for the National Industrial Development and Logistics Program (NIDLP).
SIDF's mining sector support policy aims to develop the sector and increase its contribution to non-oil GDP and job opportunities, and contribute to raising the flow of domestic and foreign investments in the Kingdom, as the mining sector is considered one of the most important investment pillars of the Kingdom's Vision 2030, due to the Kingdom's mineral wealth and geographical location between three continents.
The Fund contributes to financing mining projects for all types of minerals with a financing rate of 75% of the project's costs eligible for financing. The funding has also been expanded to include the final stage of the delineation process, which includes drilling and mining, in addition to backing support services companies that contribute to raising the added value and the sustainability of the sector in the Kingdom.


Clic here to read the story from its source.