Khalil Abdulqader Al-Nammari, Vice President of Strategic Planning and Business Development at SIDF
The Saudi Industrial Development Fund (SIDF) allocated approximately SAR 10 billion to the mining sector, since the launch of Vision 2030 until the end of 2025, said Khalil Abdulqader Al-Nammari, Vice President of Strategic Planning and Business Development at SIDF.
During his meeting with Argaam on the sidelines of the International Mining Conference, Al-Nammari said total investments in the fund’s existing mining project portfolio currently amount to approximately SAR 46 billion.
He emphasized that the fund has prioritized the development of the mining sector, as it is a strategic pillar for economic growth and supports supply chains for numerous emerging industries.
Since the launch of Saudi Arabia’s Vision 2030, he explained, the fund has expanded its activities to include financing in energy and logistics, alongside industrial and mining projects—from exploration through to manufacturing.
Regarding loan volumes, Al-Nammari noted that in 2025 the fund approved SAR 10 billion in loans and disbursed SAR 9 billion to projects within its existing portfolio, describing 2025 as an exceptional year for credit operations and approvals.
He added that the support encompassed strategic and specialized projects, some of which are the first of their kind in the Kingdom, including tire manufacturing, financing a new car factory, and a plant for a mining sector investor
Khalil Abdulqader Al-Nammari, Vice President of Strategic Planning and Business Development at SIDF
The Saudi Industrial Development Fund (SIDF) allocated approximately SAR 10 billion to the mining sector, since the launch of Vision 2030 until the end of 2025, said Khalil Abdulqader Al-Nammari, Vice President of Strategic Planning and Business Development at SIDF.
During his meeting with Argaam on the sidelines of the International Mining Conference, Al-Nammari said total investments in the fund’s existing mining project portfolio currently amount to approximately SAR 46 billion.
He emphasized that the fund has prioritized the development of the mining sector, as it is a strategic pillar for economic growth and supports supply chains for numerous emerging industries.
Since the launch of Saudi Arabia’s Vision 2030, he explained, the fund has expanded its activities to include financing in energy and logistics, alongside industrial and mining projects—from exploration through to manufacturing.
Regarding loan volumes, Al-Nammari noted that in 2025 the fund approved SAR 10 billion in loans and disbursed SAR 9 billion to projects within its existing portfolio, describing 2025 as an exceptional year for credit operations and approvals.
He added that the support encompassed strategic and specialized projects, some of which are the first of their kind in the Kingdom, including tire manufacturing, financing a new car factory, and a plant for a mining sector investor
