Saudi Arabia is steering its industrial sector’s attention towards smaller investors, according to the nation’s Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef.
In an interview with Al-Ekhbariya TV, the minister highlighted that the ministry is offering a financing program designed with lenient criteria to assist small-scale investors and budding entrepreneurs.
AlKhorayef pointed out that the industrial cities’ business model, exemplified by the MODON oasis in Al-Ahsa, is carving out new avenues for a specific category of investors and industrialists.
He further noted that a significant portion of the industrial cities will consist of pre-built factories. This initiative aims to significantly alleviate the financial load on investors, expedite the construction timeline, and streamline the process of securing the necessary permits.