Issuance of instructions from the Industry Support and Development Fund
AlAnbat- Adel Fareed
The instructions of the Industry Support and Development
Fund issued in the Official Gazette on Monday, determined the small institution
in institution that has no less than five employees and no more than 24
employees.
It also determined the medium enterprise, which has between
25 and 249 employees, and the large enterprise, which has 250 employees and
more.
According to the instructions, the industrial activity is
the activity that transforms materials into a new product that changes its
shape, components, or nature by different means of production, including
chemical processes, mixing, cutting, forming, assembly, packaging and
packaging, and achieves an added local value of at least 30% in accordance with
the legislation in force mining of basic materials.