19 hours ago
Applications Open for 2nd Batch of Standard Incentives for Industrial Sector
The Ministry of Industry and Mineral Resources and the Ministry of Investment have opened applications for the second batch of Standard Incentives for the Industrial Sector. Qualified projects can receive up to 35% of their initial investment, with a maximum of SAR 50 million per project. Support will be distributed equally across construction and production phases, ensuring financial and operational stability for up to seven years. Government Commitment
This initiative reflects the government's ongoing commitment to building a strong industrial ecosystem and supporting the domestic production of goods not currently manufactured in the Kingdom.
Following its announcement at the Saudi Industry Forum 2025 in June, the program is now open to investors. It aims to attract new industrial investments and strengthen the global competitiveness of Saudi-made products.
Investment Opportunities
A notable feature of this batch is the promotion of more than 140 investment opportunities across priority sectors outlined in the National Industrial Strategy. These opportunities focus on fostering innovative, high-quality projects that support sustainable growth. Details are available at: Opportunities PDF.
Strategic Alignment
The Standard Incentives program aligns with the National Industrial Strategy and the National Investment Strategy, advancing priority industrial sectors and creating new avenues for high-value investments.
Applications for the second batch will remain open until mid-November. Domestic and international investors can apply through the official Senaei platform.
More information on the investor journey in Saudi Arabia is available at Invest Saudi.
Related Topics
Neom Invests $100 Mln in Self-Driving Vehicles
Saudi Arabia Gearing Up to produce 10,000 vehicles in 2023
Saudi Aramco plans to manufacture hydrogen-powered vehicles
Short link :
Post Views: 170 Related Stories
