Promising Factories Initiative

The Promising Factories Initiative is a sub-initiative Industrial Sector Support Initiative that aims to stimulate investment in National Industrial Strategy sectors by providing innovative lending and investment instruments that allow entrepreneurs with lower net worth to obtain funding and start their industrial activity

 The Initiative is implemented in two phases:

• • Phase 1: Soft Loans
  • Phase 2: will be announced soon

 The initiative primarily target two channels of investment sourcing:

• Entrepreneurs who graduate from Industrial Incubators.
• SMEs that are qualified by MIMR investment programs.

• To stimulate investment in National Industrial Strategy sectors by supporting Entrepreneurs and SMEs financially to establish new factories.

• Funding percentage: up to 50% of the project cost.
• The grace period reaches 24 months
• 20% percent advanced disbursement of the loan amount
• Tenor period up to 10 years.

• Feasibility study along with project implementation plan
• Project economically feasible according to the evaluation of SIDF
• Project contribute to increase local content
• Project qualified by partner business incubators or one of the MIMR’s investment programs
• Client to secure the remaining percentage of the project value that was not financed by the initiative

Please click here to apply.

للاطلاع على المبادرة و التقديم عليها اضغط هنا