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Accelerated Manufacturing Program
The Accelerated Manufacturing Program (AMP) is a targeted initiative designed to empower emerging manufacturing companies to develop competitive, innovative products and services and grow their businesses in Saudi Arabia.
AMP Mission
To create and grow emerging manufacturing companies while contributing to local content objectives of PIF and its Portfolio Companies.
Highlights
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PIF PCs Connections
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Business and Technical Training
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Networking and Mentorship
The accelerated manufacturing program 2024 in numbers
13
Participating Companies
33
Business and Technical Training Modules
150+
Meetings with Portfolio Companies
20
PIF Portfolio Companies
200+
Total Mentored Hours
12+
Commercial Agreements with Portfolio Companies
Eligibility Criteria
To ensure the Accelerated Manufacturing Program (AMP) delivers maximum impact and supports companies best positioned for growth, specific eligibility requirements for applicants have been established. These criteria help identify manufacturers with the capacity and commitment to fully engage with the program and benefit from its offerings.
Applicants must:
- Hold a valid industrial license and operate at least one manufacturing facility in Saudi Arabia.
- Have a workforce of at least 6 employees.
- Have a minimum annual revenue of 3M SAR in the last fiscal year.
- Commit to completing program requirements and attending all training sessions throughout the 6-month program.
- Demonstrate English proficiency.
Ahmed Alfadda
Chief Operating Officer – Envocoast
AMP helped us connect with professionals and build lasting relationships. it demonstrated its effectiveness in facilitating collaboration with Red Sea Global and other portfolio companies to address complex manufacturing challenges by replacing the imported products with our locally manufactured ones. This experience reinforced our belief in the importance of working together and forming partnerships in our industry.
Faisal Kanaan
Chief Executive Officer – Al-Aalami Factory for Furniture and Wooden Industries
AMP broadened our leadership team’s perspective, enabling us to focus on macro-management and long-term strategic planning. The connections and knowledge gained through AMP have truly set us on a path toward becoming an Industry 4.0-ready enterprise.
Mohammed Altharwa
Chief Executive Officer - GAFCO
Through AMP, we connected with industry experts from various fields who helped provide solutions to long-standing business challenges. We also had valuable networking opportunities with manufacturing stakeholders, building connections that would have otherwise taken years to establish.
Ahmed Alobaid
General Manager - Techno Group of Trade and Industries
The AMP has significantly influenced our professional growth by providing deeper insights into leadership and strategic decision-making within the manufacturing industry, including a stronger understanding of lean manufacturing principles and data-driven decision-making. There’s a sense of achievement and growth, knowing we are ready to share valuable insights and engage with the market effectively.
