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البلاد
Industrial funding reaches 541M riyals
The Kingdom has experienced a record-breaking increase in the lending volume of fintech companies to industrial projects, rising by 130% in the first half of 2026. The total reached 541 million SAR compared to 234 million SAR in the previous year. This growth was driven by expanded partnerships between the Ministry of Industry and Mineral Resources and fintech firms, with the number of collaborating companies increasing from 3 to 7. The goal is to address financing challenges and facilitate access for industrial establishments to flexible financial products, including capital, labor, and invoice financing. Additionally, the Ministry has launched workshops to introduce entrepreneurs and investors to available financing solutions. It is also working on diversifying products and increasing lending to support industrial growth, aligning with its Vision 2030 to diversify the economy and transform the Kingdom into a leading industrial powerhouse.
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