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Industry Ministry: Fintech funding up 130%
The Ministry of Industry and Mineral Resources announced that the amount of financing provided by fintech companies to industrial projects in the Kingdom increased by 130% during the first half of 2026, reaching 541 million SAR compared to 234 million SAR during the same period in 2025. This growth is part of the ministry's efforts to enhance funding directed toward the industrial sector through strategic partnerships with seven fintech companies, up from three in the previous year, aiming to address financing challenges and expand factory operations. The ministry also organized workshops to raise awareness among entrepreneurs and investors, and coordinated with financial companies to increase lending volumes and facilitate companies’ access to diverse financial solutions that support the growth of the industrial sector. All of this aligns with Saudi Arabia’s Vision 2030 to position the industry as a fundamental pillar for diversifying the national economy.
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