The Saudi Industrial Development Fund recently approved 538 million Saudi Riyal ($143 million) worth of loans to set up various industrial projects including a carpet manufacturing factory, a dairy factory, a glass mirror factory and a steel can manufacturing plant, reported Al-Hayat. Director General of the Fund, Saleh Bin Abdullah Al-Naeem, stated that the Fund’s management team has previously awarded SR 40.23 billion worth of loans to the industrial sector in the past. — (menareport.com)
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