Saudi Arabia launches 2nd batch of industrial sector’s standard incentives

Logo of Ministry of Industry and Mineral Resources

Ministry of Industry & Mineral Resources and Ministry of Investment launched the second batch of standard incentives for the industrial sector, seeking to expand the scope of incentives to cover additional strategic industries.

This should help spur industrial investments and accelerate their growth, achieve sustainable industrial development, and boost the competitiveness of Saudi industry both regionally and globally.

The announcement was made by Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salamah on the sidelines of the Saudi Industry Forum (SIF 2025), held at Dhahran Expo Center.

The second batch, slated to come into force as of next August, targets additional strategic industrial sectors, including aviation, building materials, medical devices, pharmaceuticals, food processing, maritime industries, and mining industries.

The two ministries earlier launched the first batch of incentives in January 2025, covering three industrial sectors: manufacturing chemicals, automotive manufacturing, and machinery & equipment.

The move was met with high turnout from investors, with applications still 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 over the construction and production phases.