Industry Ministry Launches Updated Industrial Enablers and Incentives Guide

The Ministry of Industry and Mineral Resources has launched the updated version of the Industrial Enablers and Incentives Guide, a comprehensive strategic tool designed to facilitate investors’ journeys in the industrial sector and streamline their access to the enablers offered by the Kingdom’s industry ecosystem. This initiative is part of the ministry’s ongoing efforts to stimulate high-quality investments and maximize the industry's impact on economic diversification, in alignment with the objectives of Saudi Vision 2030 and the National Industrial Strategy.
 The guide includes six main categories covering incentives and enablers related to infrastructure, advisory support, financial solutions, competitiveness enhancement, local content support, and workforce development.
 Among the highlighted enablers are the solutions provided under the Future Factories Program, which supports smart transformation in industrial facilities across the Kingdom. These include digital maturity assessments for factories, the development of transformation plans, and concessional financing to implement smart transformation strategies.
 The guide also outlines ways to benefit from the Standard Incentives Program for the industrial sector, which aims to localize the production of new products in the Kingdom and attract high-quality investments in priority sectors identified in the National Industrial Strategy.
 In addition, the Industrial Enablers and Incentives Guide provides an overview of key enabling solutions offered by the Industrial Competitiveness Program (ICP), aimed at enhancing the competitiveness and efficiency of existing industrial facilities. This is achieved through a range of transitional solutions designed to optimize energy consumption and improve production costs.
 Under the infrastructure pillar, the guide features the ‘Entity Within a Factory’ product, “MUTAMMIM,” which enables investors to establish an independent entity within an existing industrial facility without the need to build a new project. The guide also includes financial incentives to support export-related activities, such as listing on e-commerce platforms, participating in international exhibitions, and facilitating the acquisition of marketing and advertising certifications.
 The launch of the guide forms part of the Ministry of Industry and Mineral Resources’ efforts to improve the ease of doing business in the industrial sector, support the expansion and growth of industrial investments, and address challenges that investors may face. These efforts aim to strengthen sustainable industrial development in the Kingdom and increase Saudi non-oil exports.
 Industrial investors and interested stakeholders can access the updated version of the Industrial Enablers and Incentives Guide provided by the industry ecosystem through the following link:
 http://cdn.mim.gov.sa/u/FUEVtm.