Social Infrastructure Financing Program (SIFP)

by the National Infrastructure Fund

Supporting Development in Healthcare and Education

The program attracts investment into healthcare and education by providing co-financing and guarantee solutions.

Delivered together with partnership with partner financial institutions, SIFP strengthens the role of private investors in achieving Vision 2030 development goals.

Supporting Development in Healthcare and Education

Program Objectives

Foster national development

Catalyze higher levels of private sector participation

Encourage diversification across subsectors and underdeveloped regions

Elevate projects' quality

How It Works

SIFP operates through two financing mechanisms, with loan tenors of up to 15 years depending on the project profile.

Blended Financing

Infra's participation: 30-40% of the loan amount

Maximum: ⃁ 350 million

Minimum: ⃁ 15 million

Partial Credit Guarantee

Infra's coverage: Up to 50% of the loan amount

Maximum: ⃁ 100 million

Minimum: ⃁ 15 million

Note:

Infra determines the appropriate product based on the conditions of each project.

Target Sectors

Healthcare

General Hospitals

Sports Medicine Centers

Cardiology Centers

Oncology Centers

Rehabilitation Centers

Long-Term Care Centers

Mental Health and Addiction Treatment Centers

Maternity Hospitals

Education

Pre-K

K-12

Special Education Needs

Specialized Schools

International Schools

Boarding Schools

Higher Education

Note:

Subsectors reflect current sectoral demand and are reviewed periodically by the relevant sector regulators.

Eligibility Criteria

Operating history: Minimum 3 years for the borrower, sponsor, or operator

Minimum project size: ⃁ 30 million

Entity type: Limited liability company (LLC), joint stock company (JSC), simplified joint stock company, or non-profit organization (NPO)

Minimum Nitaqat rating: Medium Green

Note:

Other eligibility criteria may apply on a case-by-case basis.

Additional Incentives

Strategic Target Market

Projects meeting the Strategic Target Market for healthcare and education are eligible for additional coverage or participation of up to 20%, at Infra's discretion.

Note:

The Strategic Target Market is defined by the relevant sector regulators and reviewed periodically.

Excellence-Driven Incentives

Beneficiaries meeting the Excellence-Driven criteria below are eligible for an additional incentive.

Healthcare Sector

Leadership in Energy and Environmental Design (LEED) certification for green buildings

Education Sector

Certificate from the National Center for Non-Profit Sector (NCNP) for non-profit organizations

An excellent grade in the ETEC School Evaluation Excellence program "Tamayz," offered by the Education and Training Evaluation Commission (ETEC)

Leadership in Energy and Environmental Design (LEED) certification for green buildings

Partner Financial Institutions

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