Media ININ Economy We Trust
Media In / Riyadh December 16,
The Social Development Bank (SABIC) and Saudi Basic Industries Corporation (SABIC) in Riyadh signed a cooperation agreement to provide financing support to small industrial enterprises through opportunities under the NSAND initiative. Priority in the Kingdom.
The agreement aims to provide a range of financing products and non-financial services to the small business category to benefit from local business opportunities within SABIC’s support initiative to create and qualify businesses in various industries and areas of technical and economic feasibility. The agreement aims to serve strategic objectives in line with the objectives of Saudi Arabia Vision 2030. The most important of these is to enhance the contribution of the private sector to local content, increase the contribution of small and medium enterprises to GDP, oil and gas .
The agreement will result in the launch of a joint product between the Development Bank and SABIC, the Jude product, developed by the Development Bank to finance small projects in the industry and to support local content through the financing of industrial projects with financing ceilings of up to 4 “One million riyals per project.
The Social Development Bank (SABIC) and Saudi Basic Industries Corporation (SABIC) in Riyadh signed a cooperation agreement to provide financing support to small industrial enterprises through opportunities under the NSAND initiative. Priority in the Kingdom.
The agreement aims to provide a range of financing products and non-financial services to the small business category to benefit from local business opportunities within SABIC’s support initiative to create and qualify businesses in various industries and areas of technical and economic feasibility. The agreement aims to serve strategic objectives in line with the objectives of Saudi Arabia Vision 2030. The most important of these is to enhance the contribution of the private sector to local content, increase the contribution of small and medium enterprises to GDP, oil and gas .
The agreement will result in the launch of a joint product between the Development Bank and SABIC, the Jude product, developed by the Development Bank to finance small projects in the industry and to support local content through the financing of industrial projects with financing ceilings of up to 4 “One million riyals per project.
