Monday 18 June 2018

SIDF partners with SAP to enhance IT capabilities

The Saudi Industrial Development Fund (SIDF) has joined hands with global enterprise software company SAP to use its services for improving its IT capabilities, said a report. The government organisation will use advanced SAP ente


Maaden signs financing deal with SIDF

Saudi Arabian Mining Company (Maaden) has said its subsidiary, Maaden Bauxite and Alumina Company, has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for the second phase of its aluminium project. The f


SIDF capital doubled to $10.7 billion

The capital of Saudi Industrial Development Fund (SIDF) has been doubled to SR40 billion ($10.7 billion) by King Abdullah in an effort to develop the industrial sector, its chairman Abdul Rahman Al-Humaidi was quoted as saying. "The fund s


New Saudi firm plans steel billet plant

Newly-formed Sulb National Co will start before the end of next year a 300,000 tonnes steel billet plant that would cover 20 percent of Saudi Arabia's deficit in the product, its top executive said. Sulb expects a government stimulus p

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