Industry Ministry finances up to 75% of industrial projects’ value: Alkhorayef

Bandar Alkhorayef, Minister of Industry and Mineral Resources

Minister of Industry and Mineral Resources Bandar Alkhorayef said the Kingdom finances up to 75% of industrial projects' value, according to a statement.

During a meeting with a number of Qatari investors, hosted by the Qatari Businessmen Association in Doha, Alkhorayef highlighted the Kingdom's incentives, enablers, and quality investment opportunities for investors from all over the world, particularly in the mining sector, which offers promising opportunities given the Kingdom's untapped mineral resources.

The minister also talked about the incentives provided by the industry and mineral resources systems, particularly the various sources of financing, as well as the prepared infrastructure in over 36 industrial cities across the Kingdom.

He also highlighted the Kingdom's quality enablers such as the production of prefabricated factories and long-term rentals.

The Kingdom's industrial development is mainly driven by the private sector, according to the minister, who added that the National Industrial Strategy was originally developed in partnership with the private sector, as the Kingdom believes in its importance and ability to create promising opportunities in a variety of fields.