Industrial Investor’s Journey In line with Saudi Arabia’s industrial growth, industrial investors have two primary options:
- Establishing a new factory from scratch, which requires feasibility studies, legal procedures, financing, and infrastructure development.
- Upgrading an existing factory, which includes evaluation, digital transformation, operational excellence, and integration of smart technologies.
🛠️ Path 1: Establishing a New Factory
🔹 1. Industrial Feasibility Study
- ✅ Analyze economic and technical feasibility.
- ✅ Assess market demand and competition.
- ✅ Determine costs and expected returns.
🔹 2. Obtaining Licenses and Permits
- ✅ Register with the Ministry of Industry and Mineral Resources (MODON).
- ✅ Obtain environmental and health licenses.
- ✅ Legally register the factory.
🔹 3. Securing Financing
- ✅ Apply for funding from the Saudi Industrial Development Fund (SIDF).
- ✅ Leverage the Kafala Program to finance SMEs (Kafala).
- ✅ Explore private investments or strategic partnerships.
🔹 4. Selecting and Approving Suppliers
- ✅ Source local suppliers through the Made in Saudi program.
- ✅ Import raw materials and equipment from global markets.
🔹 5. Building Infrastructure and Installing Equipment
- ✅ Construct the factory according to engineering and technical standards.
- ✅ Install basic production and automation lines.
🔹 6. Trial Operations
- ✅ Test equipment and production lines.
- ✅ Hire and train operational staff.
🔹 7. Official Production and Expansion
- ✅ Launch official industrial operations.
- ✅ Develop market strategies and distribution channels.
🚀 How Can IPIC Support Your Industrial Journey?
- 📌 For New Investors:
✔ Prepare industrial feasibility studies.
✔ Facilitate licensing and legal procedures.
✔ Assist with financing and industrial investments. - 📌 For Existing Factories:
✔ Conduct certified SIRI assessments and identify gaps.
✔ Implement digital transformation and operational excellence plans.
✔ Enhance productivity and sustainability through automation solutions.
Contact Us Today to start your industrial journey.
