2001 News Story

Shura Council reviews SIDF performance

The Consultative Council (Majlis Al-Shura) in its regular session today reviewed the annual performance of the Saudi Industrial Development Fund (SIDF). The Council urged the Fund to finance infrastructure projects that serve the private sector; encourage small projects to be self-sufficient under the auspices of SIDF's proposed system; and contribute to financing information technology and communications projects. SIDF provides loan and consultative services to a number of private organizations and businessmen in the Kingdom.