National Industrial Development Center
Overview
The National Industrial Development Center (NIDC) is a Saudi Arabian government agency dedicated to fostering sustainable industrial growth and diversifying the economy in line with Vision 2030. It specializes in attracting industrial investments and developing new industries to meet the Kingdom's economic objectives. NIDC's mission includes business development, policy recommendation, and supporting industrial initiatives in collaboration with other government institutions and the private sector. NIDC's strategy encompasses providing industry and market expertise, guiding strategic development, recommending innovative policies, and supporting industrial investment attraction. The agency focuses on key sectors such as aerospace, automotive, building materials, chemicals, food processing, machinery and equipment, medical devices, minerals and metals, pharmaceuticals, and maritime industries. By offering comprehensive support to investors, NIDC aims to enhance the effectiveness and empowerment of major industries in Saudi Arabia, contributing to the realization of Vision 2030 goals. Its role includes facilitating business development, setting industry priorities, and coordinating industrial initiatives to promote sustainable national industrial development.
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Unlock full contacts →Frequently asked questions about National Industrial Development Center
What sectors does National Industrial Development Center invest in?
National Industrial Development Center invests in Automotive, Aerospace, Medical Devices, Maritime, Chemicals and Pharmaceutical, and is based in Riyadh, Saudi Arabia. National Industrial Development Center is listed as a sovereign wealth fund in the ConnectSafely investor database.
What stage does National Industrial Development Center invest at?
National Industrial Development Center backs companies at Seed, Early Stage, Growth, Late Stage, Pre-IPO and Buyout, writing cheques of 1M - 50M.
Which regions does National Industrial Development Center invest in?
National Industrial Development Center invests across Saudi Arabia.
Who are the partners at National Industrial Development Center?
Team members listed for National Industrial Development Center include Motaz Gattan (Chief Advisor) and Saleh AL (Chief Executive Officer).
How do I contact National Industrial Development Center?
National Industrial Development Center's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
