Swiss investor: Saudi Arabia supports investors with 50% of the value of their projects and 25% bank facilities
Beth: The Swiss businessman of Arab origins, Dr. Khater Massaad, the largest builder of ceramic factories in the world, who has taken Saudi Arabia as his headquarters, said that Saudi Arabia offers a lot of incentives to industrialists and investors and is based on their support, starting with the Industrial Fund, and this fund is based on financing all industries for anyone who has a study An important feasibility of a project and a successful economic feasibility. The financing fund finances 50% of the project value, and then the fund provides facilities from commercial banks at 25%, and the investor retains 25%.
Massad adds that there are many programs by the Ministry of Industry and the Ministry of Finance from the Ministry of Human Resources and help industrialists, in addition to the existence of the Export Fund, which is based on export financing and finances trade fairs in the world according to the investor’s vision so that the investor is given a choice where he wants to go. The Kingdom participates in this Exhibitions, and then the Saudi authorities reserve a place for the investor in this exhibition to display his products free of charge, and the investor only has to travel the ticket, and this is one of the important things in the industry, which is the international marketing of products.
Massad believes that the general trend in Saudi Arabia is to develop the industry in line with the Saudi Vision 2030, and that the Kingdom seeks to attract investors and overcome the difficulties in front of them, and that this matter resulted from the wise vision of the Custodian of the Two Holy Mosques, His Majesty King Salman bin Abdulaziz and his Crown Prince, His Highness Prince Muhammad bin Salman Atal God is their age.
Massad expresses that Saudi citizens have a degree of responsibility entrusted to them so that they can complete the work with high skill, and the investor must develop the practical skills of the employees, because Saudi citizens have very high professional capabilities and love to work for the interest of their country, and that the Saudis are not, as some say, that they do not accomplish Work, even if it is difficult, the culture of shame no longer exists in them. We see that Saudi men and women work in factories, restaurants and in all fields.
Massad concludes by saying that Saudi Arabia will be a global commercial, financial, and industrial center, due to the procedures and facilities it provides to attract capital around the world.
Khater Massad concludes his speech by congratulating the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and his Crown Prince Muhammad bin Salman, may God preserve them and provide them with good health and wellness, for these achievements that will serve the economic, commercial and industrial movement in the Middle East and the world at large.