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.
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