At a recent event for the Caterpillar 320D L Series 2 excavator, Zahid Tractor introduced its Future Contractors Program, a special initiative that provides individuals or small and micro enterprises (SMEs) with swift and affordable financing for construction machinery.
With this initiative, Zahid Tractor hopes to play an important role in the development of Saudi Arabia’s economy by guiding aspiring contractors, thus creating more jobs and contributing to the country’s overall growth.
“Our Future Contractors Program is specifically designed for just that – to facilitate the future contractors of our country,” said Khalid El Shurafa, Marketing Manager at Zahid Tractor. “We recognize that there is huge potential for the construction industry in Saudi Arabia, and we also realize that many individuals and SMEs may not have the financing to enter this important sector. Through this program, we provide a swift credit process so that customers, regardless of capital, can acquire the necessary construction machinery as quickly as possible.”
While customers can take advantage of a reduced and special financing rate for the 320D L Series, this program covers an extensive range of products from Caterpillar and other world-class brands.
The Future Contractors Program was developed in partnership with AJIL Financial Services Company. In 2011, AJIL launched their highly successful Small and Micro Enterprises Partnership (SMEP) program, which provides financing for assets that include power generation sets, material handling equipment, industrial products, medical equipment, commercial vehicles and commercial property.
Zahid Tractor was established in 1967 and is the flagship company of Zahid Group. With three core business units – Construction Machinery, Commercial Vehicles and Rental – the company serves a number of industries including construction and infrastructure, industrial, logistics and warehousing, agriculture, transportation, petroleum, mining, and quarry and aggregates.