Industrial Development: the Present and the Future (3 of 4)
Various photographs of King Fahd Bin Abdul Aziz
Various photographs of King Fahd Bin Abdul Aziz
Various photographs of King Fahd Bin Abdul Aziz
Industrial Development: the Present and the Future (3 of 4)

The third group can be referred to as the “informal” manufacturing sector, and is composed largely of labor-intensive small workshops in repair and small-scale production activities. These workshops require only a license from the municipalities and registration as companies with what, since 2003, is the Ministry of Commerce and Industry. The Ministry is not responsible for monitoring their activities. The financing needs of this sector relate mainly to working capital requirements such as raw material, rather than premises and equipment. Finance comes mainly from the owners of the workshops, and this can be supplemented by grants from the Saudi Credit Bank, if the owner has completed GOTEVT vocational training.

King Fahd bin Abdul Aziz Click to view high resolution version

King Fahd bin Abdul Aziz