Saudi Minister Announces 75% Funding for Industrial Projects in Mining Sector at Qatari Business Meeting
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al-Khorayef, spoke at a meeting organized by the Qatari Businessmen Association in Doha, announcing that the Kingdom offers funding of up to 75% for qualitative industrial projects.
The meeting, attended by Saudi Ambassador to Qatar and several Qatari investors, focused on incentives and opportunities in the Saudi mining sector.
Al-Khorayef highlighted the Kingdom's abundant mineral wealth and the various incentives under the industrial and mineral wealth system, including diverse financing sources and well-developed infrastructure across 36 industrial cities.
The minister highlighted the advantages of ready-made factory products and long-term leases for investors in Saudi Arabia.
He underscored the government's supportive environment for investors and the crucial role of the private sector in driving industrial development in the country.
The National Industry Strategy is based on a strong partnership with the private sector, with a commitment to increasing private sector engagement and creating opportunities across various fields.