Saudi Industrial Development Fund to run SAP
SIDF wants to enhance its loan disbursement capabilities
The Saudi Industrial Development Fund (SIDF) and global enterprise software company, SAP, have announced a new partnership.
The government organisation will use SAP enterprise resource planning, business planning and consolidation, and business intelligence to enhance the SIDF’s ability to issue loans for manufacturers.
“SIDF is working to evolve its products and services by adopting the latest technologies to provide distinguished experiences to investors in the industrial sector. SIDF is also working on reviewing the policies and procedures to support the diversified economy of the Kingdom and play its role in laying out the roadmap of the manufacturing sectors and enhance the company’s competitiveness and support the strategic initiatives to achieve the KSA vision 2030,” said Ahmed bin Mohammed Al Sawian, assistant of the IT and strategic planning manager at SIDF.
“Manufacturing is a cornerstone of the Kingdom’s diversified economic growth, and the SAP partnership with SIDF is in line with our long-term support for public sector innovation and nationwide digital transformation,” said Ahmed Al Faifi, managing director, SAP Saudi Arabia.
SIDF, through medium- and long-term soft loans, and technical, administrative, financial, and marketing consultancy, helps industrial firms to overcome challenges and succeed in the Digital Economy.
SIDF ranked highly earlier this year in the e-government programme “Yesser” and also achieved ISO/IEC 20000 certification in IT services.