The Saudi Industrial Development Fund (SIDF) has joined hands with global enterprise software company SAP to use its services for improving its IT capabilities, said a report.

The government organisation will use advanced SAP enterprise resource planning, business planning and consolidation, and business intelligence to enhance the SIDF’s ability to issue loans for manufacturers, added the Saudi Gazette report.

Ahmed bin Mohammed Al Sawian, assistant of the IT and strategic planning manager at SIDF, said that SIDF aims to evolve its products and serveries by adopting the latest technologies to provide distinguished experiences to the investors in the industrial sector.

He added that SIDF is also working on reviewing the policies and procedures to support the diversified economy of the kingdom and play its role in laying out the roadmap of the manufacturing sectors.