The Ministry of Industry and Mineral Resources and the Ministry of Investment announced the launch of the second batch of standard incentives for the industrial sector, which aims to expand the scope of incentives to include additional strategic industrial sectors, thus spurring industrial investments, accelerating their growth, achieving sustainable industrial development, and boosting the competitiveness of Saudi industry both regionally and globally.
Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Ibrahim bin Salamah announced the launch of the second batch of standard incentives for the industrial sector on the sidelines of the Saudi Industry Forum “SIF 2025,” held at Dhahran Expo Center.
The second batch targets additional strategic industrial sectors, including aviation, building materials, medical devices, pharmaceuticals, food processing, maritime industries, and mining industries, starting in August.
The two ministries earlier launched the first batch of incentives in January 2025, which included three industrial sectors: manufacturing chemicals, automotive manufacturing, and machinery and equipment. It witnessed significant interest from investors, with current applications under evaluation. Letters of intent will be issued to consider supporting qualified industrial projects.
The standard incentives offer sustained financial and operational support for up to seven years, with funding of up to 35% of the initial investment, at a maximum of SAR 50 million per qualified project, equally distributed between the construction and production phases.
The Ministry of Industry and Mineral Resources and the Ministry of Investment announced the launch of the second batch of standard incentives for the industrial sector, which aims to expand the scope of incentives to include additional strategic industrial sectors, thus spurring industrial investments, accelerating their growth, achieving sustainable industrial development, and boosting the competitiveness of Saudi industry both regionally and globally.
Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Ibrahim bin Salamah announced the launch of the second batch of standard incentives for the industrial sector on the sidelines of the Saudi Industry Forum “SIF 2025,” held at Dhahran Expo Center.
The second batch targets additional strategic industrial sectors, including aviation, building materials, medical devices, pharmaceuticals, food processing, maritime industries, and mining industries, starting in August.
The two ministries earlier launched the first batch of incentives in January 2025, which included three industrial sectors: manufacturing chemicals, automotive manufacturing, and machinery and equipment. It witnessed significant interest from investors, with current applications under evaluation. Letters of intent will be issued to consider supporting qualified industrial projects.
The standard incentives offer sustained financial and operational support for up to seven years, with funding of up to 35% of the initial investment, at a maximum of SAR 50 million per qualified project, equally distributed between the construction and production phases.
