Saudi Arabia has unveiled its new “Standard Incentives for the Industrial Sector” program aimed at accelerating the Kingdom’s shift toward industrial self-sufficiency and competitiveness — with significant implications for electric motor and powertrain manufacturing.
Launched in January by the Saudi Arabia Ministry of Industry and Mineral Resources in collaboration with the Ministry of Investment, the initiative supports innovative manufacturing projects, especially those producing goods not currently made within the Kingdom. The program offers substantial financial support — up to 35% of initial investment costs, capped at SAR 50 million (approx. $13.3 million) — and operational assistance for up to seven years, spanning both construction and production phases.
Eligible investors must commit to building new facilities in Saudi Arabia or expanding existing ones, with a minimum 25% equity contribution and proven financial soundness. The initiative aligns with Saudi Vision 2030 and positions the country as a competitive regional manufacturing hub.
For the electric motor sector, this program presents a compelling opportunity. Manufacturers can leverage local demand growth — particularly from EV, robotics, and industrial automation industries — while benefiting from strategic support in a fast-developing industrial landscape.
Applications are open through the Senaei Platform.
Saudi Arabia is moving decisively to boost the growth of its industrial sector, while recognizing the importance of collaboration and external support in achieving this goal. The Standard Incentives program is fully in line with the objectives of Saudi Vision 2030, the National Investment Strategy, and the National Industrial Strategy, aiming to establish the Kingdom as a leading manufacturing center in the region.
