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FINANCIAL NEWS
SIDF approves USD156.4 m fund for 14 projects in Saudi Arabia
18 Jul 2013
(MENAFN) The Saudi Industrial Development Fund (SIDF) announced its approval to fund the creation of nine industrial projects and expansion of five other existing projects, totaled at nearly USD156Ù«4 million, reported Arab News.
Five projects for the consumer industry sector will comprise the biggest share of the loan totaling around USD59Ù«7 million, while about USD59Ù«7 million will be allocated for the chemical industry sector. The engineering industries sector will receive nealy USD20 million.
It’s worth mentioning that SIDF has agreed to support the construction of an industrial training center with 13Ù«5 million in Dammam First Industrial City.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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