Dr. Al-Rabiah: SIDF gives priority to financing energy rationalization projects in factories

Riyadh, Rabi’I 17, 1437, December 28, 2015, SPA — Minister of Commerce and Industry and the Chairman of the Board of Directors of the Saudi Industrial Development Fund ( SIDF ) Dr. Tawfiq Al-Rabiah, stressed that the Fund will give priority to funding energy rationalization projects and raising the efficiency of energy consumption in the Saudi factories.

In a statement to Saudi Press Agency, Dr. Al-Rabiah said that the aim is to stimulate the application of standards and requirements of energy efficiency by companies in the industrial sector, especially in petrochemical, steel and cement industries, in line with the direction of the state to increase the efficiency of energy consumption.

He added that the SIDF will continue to support the developmental projects in the industrial sector through providing loans and consulting services for local industrial factories and creating an attractive conditions for investment.
–SPA
23:10 LOCAL TIME 20:10 GMT