SIDF invests SAR 10B in mining projects since Vision 2030 launch: Executive

Khalil Al-Nammari, SIDF’s Vice President of Strategic Planning and Business Development

The Saudi Industrial Development Fund (SIDF) has allocated about SAR 10 billion to the mining sector since the launch of Vision 2030 through the end of 2025, said Khalil Al-Nammari, SIDF’s Vice President of Strategic Planning and Business Development.

Speaking to Argaam on the sidelines of the International Mining Conference, Al-Nammari said total investments in the fund’s existing mining portfolio stand at around SAR 46 billion.

He added that SIDF has prioritized mining as a strategic driver of economic growth and a key supporter of supply chains for emerging industries.

Since Vision 2030, SIDF has expanded its mandate to include financing for energy and logistics, alongside industrial and mining projects, spanning activities from exploration to manufacturing.

Al-Nammari added that in 2025 the fund approved SAR 10 billion in loans and disbursed SAR 9 billion to projects in its portfolio, describing the year as exceptional for credit approvals and disbursements.

He noted that the financing covered several strategic and specialized projects, including first-of-their-kind initiatives in the Kingdom, such as tire manufacturing, a new car factory, and a plant for a mining sector investor.