Financing Models for Manufacturing and FMCG Sector Growth under Saudi Vision 2030

The Saudi manufacturing sector and fast-moving consumer goods industry are transitioning from being reliant on resources towards technology-driven and location-bound production. The vision 2030, National Industrial Strategy, and the National Industrial Development and Logistics Program focus on the role of finance in facilitating this process as firms need financing to expand production plants, invest in IT, logistics infrastructure, working capital, international expansion and sustainability improvements all at the same time. This review presents a holistic approach to financing the growth of manufacturing and fast-moving consumer goods by integrating the findings from the literature and policies produced in the period 2020-2025. The study suggests that there is no one instrument that can help facilitate the industry transformation. Rather, a stratified framework is needed whereby catalytic public finance, development banking, bank finance, Islamic capital market instruments, supply chain finance, equity partnerships, foreign direct investment, and ESG-driven financing are employed. This framework addresses the issue of matching tenor and collateral with the asset structure of manufacturing firms and cash conversion cycle of FMCGs.