According to a statement by the Saudi Press Agency, the National Industry Strategy focuses on 12 sub -sectors to diversify the industrial economy, while more than 800 investment opportunities were set as a trillion Saudi -SAR, or about 266. 18 billion dollars.
The strategy aims to achieve economic gains for the Kingdom by 2030, including a roughly threefold increase in the industrial domestic product and a twofold increase in the value of industrial exports to reach 557 billion riyals (148.
USD 26 billion).
The National Industry Strategy also works to reach the total value of additional investments in the sector to 1. 3 trillion riyals (346 billion dollars), and to increase exports of advanced technical products by about 6 times, in addition to the creation of tens of thousands of high -value quality functions.
Saudi Crown Prince Mohammed bin Salman asserted that the country has all the resources necessary to develop a “competitive and sustainable industrial economy,” highlighting the fact that the Kingdom will become a major industrial power thanks to its national industry strategy and partnership with the private sector.
The national industry strategy is part of the Kingdom’s effort to strengthen the private sector and improve the nation’s industrial sector’s adaptability and competitiveness.
Saudi Arabia develops the national industry strategy in an effort to strengthen its economy.
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