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About the Initiative Project

Afaq program

Afaq program

Afaq program of industries fund to support Industrial projects- especially the small and medium-scale ones- by offering two products:

First objective: To encourage the growth of promising small and medium-scale industries

The second objective: Partnership with business incubators as the industrial business incubators of Badir program to encourage the industrial business entrepreneur by supporting their emerging projects at their initial stages.

Project Application

    Requirements

    • Valid industrial licensing
    • Meeting all the requirement of the loan application form (the e-application).
    • The industrial sector shall have a commercial impact at local markets.
    • The project owner shall authorize the project representative to revise fund by submitting a copy of his ID card.
    • At least one competitive offer for raw materials and mobilization.
    • At least one competitive offer for the project needs of main manufacturing areas.
    • Architectural drawings represent the general outline for the project and buildings areas and its dimensions in addition to manufacturing equipment areas inside the factory.
    • The audited financial data for the last three years (In case that the project is under operation).

    Sectors

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