OSOS Product


Target Audience
All Citizens   

Beneficiaries
New

Service Fees
Nominal Fee

Strategic Engagement
Providing funding services for small-size projects.

International Strategic Engagement:
Business Ancubators and Accelerators financing product intersects with the ninth objective of the United Nations sustainable development objectives.
It can be found here


It is a financing product presented in collaboration with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to support and encourage entrepreneurship in the industrial cities.

osos

 

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Product Objectives

  • Improving the entrepreneurship position of the Kingdom of Saudi Arabia (Entrepreneurship Index)
  • Nationalization of the advanced industries
  • Increasing the Gross Domestic Product (GDP)
  • Developing the trade balance
  • Facilitating the practice of self-employment
  • Developing the industrial sector
  • Facilitating financing for entrepreneurs in the industrial sector
  • Contributing to generating job opportunities


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Application requirements

 
  • General conditions
The applicant should:
  1. Be a Saudi National
  2. Be not younger than 25 and not older than 65 years old
  3. Have a minimum of a general certificate of Secondary Education (high school) or equivalent
  4. Be dedicated as a full-time manager of  his / her project; or he / she has to hire a competent and experienced Saudi manager for the project
  5. Provide payment guarantees
  


Application Times

Funding applications are received and processed in collaboration with the partner entities/agencies. The dates for submitting and processing the applications are determined in accordance with the procedures adopted by the partner entity/agency which are usually detailed on the website of the partner.  
 

 

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