Law of the Saudi Industrial Development Fund

Release Date:	1394-02-26
Release Tool:	Royal Decree
Issuance Instrument Number:	m/3
Validity:	Valid
Date of last amendment:	1441-11-02
Summary:	By AI The text pertains to a draft royal decree for the establishment of a fund to support industrial development in Saudi Arabia, associated with the Ministry of Industry and National Economy. The fund aims to provide medium and long-term loans to industrial establishments, along with offering economic and administrative consultations, and monitoring funded projects. The fund must obtain sufficient financial guarantees and may not finance more than 25% of the project cost. It has the right to impose ...

Release Date:

1394-02-26

Release Tool:

Royal Decree

Issuance Instrument Number:

m/3

Validity:

Valid

Date of last amendment:

1441-11-02

Summary:

By AI

The text pertains to a draft royal decree for the establishment of a fund to support industrial development in Saudi Arabia, associated with the Ministry of Industry and National Economy. The fund aims to provide medium and long-term loans to industrial establishments, along with offering economic and administrative consultations, and monitoring funded projects. The fund must obtain sufficient financial guarantees and may not finance more than 25% of the project cost. It has the right to impose ...