What is Projects Support Fund:
The Projects Support Fund was established as a stimulus initiative to support the sustainability and completion of projects with an initial capital of SAR 10 billion. The Fund is also focused on providing project financing support in the sectors: healthcare, education, tourism and large real estate development.
- Increasing private sector participation: by providing loans to projects in priority sectors and encouraging financial institutions to participate in the provision of loans
- Increasing economic impact: by creating jobs and increasing local content contribution during the phases of construction and maximizing the impact on the GDP
- Encourage economic diversification: through financing projects in different regions of the Kingdom and closing the gap between supply and demand in the targeted sectors