03/04/2026 08:08 AST
Saudi Arabia's Ministry of Industry and Mineral Resources has propelled industrial sector growth by boosting financing through fintech partnerships, with total lending surpassing SR774 million ($206.4 million) in 2025, a 36 percent increase from 2024.
This rapid expansion underscores the Kingdom's commitment to strengthening industrial enterprises and supporting sustainable economic development.
According to a press release issued on April 1, the ministry's strategic collaborations with leading fintech firms, including Taamid, Yanal, Tarmeez Capital, Dinar, Sakkok, Lendo, and Forus, have been instrumental in this success.
These partnerships provide industrial companies with flexible, innovative financing solutions, including working capital loans, sales invoice financing, and expansion funding, to ensure continuous production and business growth.
The release highlighted Perfect Vision, a small Eastern region company specializing in alarm and surveillance systems, as a success story. Financing through Dinar allowed the company to secure liquidity for raw materials, boosting production and increasing sales.
Looking forward to 2026, the ministry plans to further expand its lending portfolio, introduce new financial instruments, and conduct educational workshops to raise awareness of fintech tools among factory owners.
The list of partners and beneficiaries will also grow, reinforcing the ministry's commitment to fostering industrial growth.
These initiatives align with Saudi Vision 2030, positioning industry as a key pillar of the national economy. Industrial companies interested in financing can connect with the ministry to access tailored fintech solutions that drive production, expansion, and long-term sustainability.
SPA
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