Eng. Al-Faleh: increasing the Capital of SIDF comes in line with Kingdom's vision 2030

  • 2/5/2023
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Riyadh, Dhu-Al-Qa'dah 24, 1438, August 16, 2017, SPA -- Eng. Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry and Mineral Resources, who is also Chairman of the Board of Directors of the Saudi Industrial Development Fund, said that the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has been and continues to provide generous and constant support for the SIDF and pays close attention to the development of industry in the Kingdom of Saudi Arabia, quoting a Royal Decree about a year ago to fulfill the capital of the industrial fund and it with an amount of 25 billion Saudi Riyals, bringing the total capital to SR65 billion. Al-Faleh also explained that the increase in the fund's capital comes to serve the economic development in general and the industrial sector in particular in line with the Kingdom's vision of 2030. --SPA 17:14 LOCAL TIME 14:14 GMT www.spa.gov.sa/w467572

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