Industrial Development
Center


 

Industrial Development Center

Gneral View

6/5/2023 9:13:22 AM

  • Center objectives

    1. Helping Saudi youth to establish their own businesses.
    2. Provide new and permanent jobs opportunities in the market.
    3. Helping to transform entrepreneurial ideas into actual products.
    4. Helping in providing financial support and connecting with the supportive bodies.
    5. Creating the appropriate environment for start-up enterprises.
    6. Taking care of small and medium-sized enterprises and providing the technical assistance in accordance with the quality of the adopted project at the Center.
    7. Linking the small and startups enterprises to industrial and commercial sectors locally and possibly in the developed industrial countries.
    Center Services
    1. Business and feasibility studies planning.
    2. Providing offices and other facilities to customers.
    3. Helping in marketing and communication strategies development.
    4. Helping in the long-term financing strategies and business plans development.
    5. Accounting Management.
    6. Secretarial, Internet, post, telephone and fax services.
    7. Other logistic services as required.
    Authorized tracks for Riyadah Industrial Development Center
    1. Start-ups Enterprises Track: A track aimed at small and micro enterprises in the professional sectors to find a job opportunity for the applicant, provided that the project investment cost not more than 300 thousand Saudi riyals.
    2. Excellence Track: A track aimed the industrial and service sectors, in which the largest possible number of the mentioned funding priorities in the financing regulations for small and startups enterprises in Article (7), clause (2), in which the cost exceeds more than 300 thousand Saudi riyals and does not exceed eight million Saudi riyals.
    3. Invention Track: A track for inventors who have a patent that proves the study of the market need, while complying with the bank's financing regulations for small and emerging projects. 
          To register in the center go to registration

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