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00:00 "The year-long efforts of the industrial sector, the reform and the organization have shown
00:08 the support of the state for the growth of these sectors in a way that meets its objectives.
00:16 When we launched the national industrial strategy at the end of 2022, it was clear that this
00:24 strategy aims to attract investments, which also require infrastructure in industrial
00:31 cities, funding in the export bank or in the industrial fund.
00:38 And thank God, this budget gave us enough support to implement these projects.
00:47 We also need a large amount of money to complete our journey in the geological area.
00:54 We are continuing in this direction.
00:57 Therefore, today, this budget is a continuation of support and a clear vision of the Kingdom
01:05 in relation to these sectors."
01:08 "Today, we talked about the size of the investments in the industrial sector.
01:14 What do you expect from the industrial sector in 2024 and the sectors you are focusing on
01:20 today?"
01:21 "The industrial sector in 2023, thank God, was able to attract investments of more than
01:28 70 billion Riyals.
01:30 The strategy determined a number of investments that reached 1.1 trillion Riyals.
01:38 We started to analyze these projects.
01:41 We have more than 50 projects worth more than 90 billion Riyals.
01:46 Today, it is discussing with a large number of investors.
01:50 The acceptance of investment in the Kingdom comes from local investors.
01:56 Today, the owners of capital and investors are not only industrialists, but also in other
02:02 sectors, because this sector is promising and important and has great investment opportunities.
02:08 We are also aiming to diversify the industrial base.
02:12 Entering sectors such as cars, ships, medicine, all of these are indications that we are
02:20 heading in the right direction."
02:23 "The last question is about financing, which plays a key role in any projects, especially
02:29 industrial projects.
02:30 Today, the financing in the coming year, we are talking about the budget, to what extent
02:35 or what are you focusing on, and are there any new products or new investments?"
02:40 "The financing is excellent, of course, we are, thank God, able in the industrial system.
02:45 We have two sides.
02:46 The first is financial financing, the industrial development fund is one of the most important
02:51 sides that helped the sector grow.
02:53 I will give you an example, but maybe during the past five or six years since the Kingdom
02:58 was launched, the amount spent by the fund is equal to what the fund has spent since its
03:03 establishment, but in five or six years, it is equal to 35 years.
03:08 The projects that the fund has invested in this year are still going on, more than 13
03:14 billion, the export bank also supports the efforts of the exporters.
03:18 This year, we supported the exporters with more than 10 billion Riyals between financing
03:24 and guarantee, and there is growth, God willing, in the next year.
03:28 This system is also supported by the national development fund, which oversees these
03:33 development bonds and supports them, so we have no worries in this direction, God willing.
03:39 We also started to focus on small and medium-sized projects.
03:43 This year, the share of small and medium-sized projects is about 80%, and we are
03:48 looking at the same amount of projects.
03:51 We are also looking at the development of the infrastructure, and we are looking at
03:56 the same amount of projects, and we are looking at the same amount of projects.
04:01 This also confirms our direction towards expanding the industrial base and that
04:07 industry is for everyone.