Industry Sustainability Initiative

Studying and developing a plan to implement integrated products and solutions to improve the continuity of stalled existing factories and avoid bankruptcy; this could happen as a result of changing or updating legislation, regulations, such as rising energy and water prices, labor fees, and so on. This initiative also contributes to the competitiveness and sustainability of industrial sectors as a goal. The initiative also contributes to developing mechanisms and standards necessary to identify stalled factories and support priorities. Then, setting a detailed study of the current financing products and the proposed products, whether these products are financial, training, or administrative. Through this initiative, a governance mechanism will be developed to link up the ministry and the relevant authorities that contribute to facilitating the process of applying the available solutions and proposed products to stalled factories. To implement the solutions, a time plan will be developed to ensure the process of organizing the support is carried out according to the previously defined priorities. 

Localizing promising industries

 

1. Mechanisms and standards for identifying financially stalled factories and priorities for support (only 1).

2. A detailed study of the financing system that serves the industrial sector in Saudi Arabia, identifying gaps, and proposing financial products, services and solutions for stalled factories (only 1).

3. Developing a mechanism and governance to manage the relationship between the supporting bodies and the ministry, thus contributing to facilitating the implementation of solutions for stalled factories (only 1).

4. Developing a plan to start implementing the proposed solutions for stalled factories (only 1).