Saudi Arabia Offers 75% Financing for Industrial Projects, Highlights Mining Opportunities and Infrastructure for Global Investors
Saudi Arabia is actively encouraging foreign investment and the participation of private sector players in industrial projects by offering financing of up to 75 percent, according to Bandar Alkhorayef, the Kingdom's minister of industry and mineral resources.
Alkhorayef made this announcement during a meeting with Qatari investors on the sidelines of the 52nd Gulf Cooperation Council Industrial Cooperation Committee in Doha.
Alkhorayef emphasized the vast opportunities that Saudi Arabia's untapped mining potential presents to global investors.
He reiterated that in addition to the incentives provided by the industrial and mineral wealth system and various financing sources, the prepared infrastructure in over 36 industrial cities across the Kingdom offers a range of qualitative capabilities.
These capabilities include the production of prefabricated factories and long-term rentals.
In summary, Saudi Arabia is offering significant financing incentives to attract foreign investment and private sector participation in industrial projects.
The minister highlighted the potential of the Kingdom's mining sector and the infrastructure available in over 36 industrial cities, which includes the production of prefabricated factories and long-term rentals.