Industrial Fund Finances 40% of Saudi Industrial Base with Investments Exceeding SAR 800 Billion

The Industrial Fund continues to play a central role in supporting economic development in Saudi Arabia, backed by more than five decades of experience.

The Industrial Fund has financed around 40% of the Kingdom’s industrial base, with total investments exceeding SAR 800 billion, highlighting its strategic importance in strengthening and diversifying the industrial sector.

These remarks were made on the sidelines of the first Development Finance Conference launched by the National Development Fund, underscoring Saudi Arabia’s commitment to integrating the efforts of development funds and banks to enhance efficiency and maximize economic impact through coordinated financing policies.

Since the launch of Vision 2030, the Industrial Fund has witnessed a significant acceleration in approvals and disbursements, reaching levels equivalent to what was achieved during the first 40 years of its establishment.

This momentum reflects the transformative impact of Vision 2030 on directing development finance toward projects that boost competitiveness and economic diversification.

The fund’s portfolio includes several first-of-their-kind industrial projects in the Kingdom and the region, such as electric vehicle manufacturing, clean energy initiatives, and renewable energy components production, which together account for nearly 20% of the total portfolio.