Under the title (How to start your industrial project): specialist emphasizes the need to study the idea before starting any industrial project
The Head of Credit Department of the Industrial Development Fund, Majid Al Shami, stressed the importance of clarity of the idea for what each investor wants to start with in entering the industrial projects.
He pointed to the need to read the factors affecting the success of the idea, identify the skills necessary to start industrial projects, and all the requirements of the study of any project in the "technical, financial and marketing" aspects.
He reviewed a list of the names of some of the supporting agencies in these areas, while addressing the mechanisms to overcome the obstacles facing industrial projects.
This came during a training program hosted by Asharqia Chamber on Wednesday 21 November 2018 that lasted for more than five hours, which entitled (How to start your industrial project).
The program dealt with many topics related directly to industrial projects and ways of managing them in all financial, marketing and technical aspects.
The program, which targets men and women, as one of the initiatives of the Executive Council of Business Women in the Chamber, as part of its plans to strengthen the presence of women in the industrial sector, as well as within the framework of coordination and cooperation between the Chamber and the Saudi Industrial Development Fund to contribute to the development of the manufacturing sector, monitoring industrial investment opportunities, developing the necessary knowledge, skills and expertise that enable entrepreneurs and employers to establish and launch their industrial projects efficiently and effectively in order to provide optimal industrial products and meet the local market demand for goods and products.
The program, which was held at the headquarter of the Chamber in Dammam, reviewed the basic stages of any industrial project, which are idea, planning, study, implementation.
This includes the steps of establishing and managing the industrial project, ways of developing ideas and investment opportunities in the sector, how to prepare the economic feasibility study and how to apply its fundamentals, and then provide all the factors necessary to develop ideas and proposals and management.
The program, which lasted for about 5 hours, presented a brief about the Fund and its role in the fields of development, financing and consulting.
During the program, participants were divided into groups and teams, as it witnessed extensive discussion on the points and topics raised by the lecturer on the idea of the project and ways of management, and ways to overcome the challenges and obstacles.
At the end of the program, a member of the Board of Directors of the Chamber and a member of the Executive Council of Businesswomen in Asharqia Chamber of Commerce, Nouf Bint Abdulaziz Al-Turki, honored the participants from the Fund.
