The goal from the implementation of the National Industrial Strategy is to increase exports to 150.49 billion euros from 2030
Crown Prince of Saudi Arabia Mohammed bin Salman yesterday activated the implementation of a National Industrial Strategy aimed at increasing industrial exports to $148.34 billion (€150.49 billion) by 2030, Saudi state news agency SPA reported.
This strategy focuses on a plan to promote industry and attract investment to the kingdom’s economy, driving the diversification of economic growth and GDP beyond oil exports.
The same strategy will increase investment in the industrial sector to $346.21 billion (€351.23 billion), according to the SPA.
“Through the National Industrial Strategy and in partnership with the private sector, the kingdom will welcome a leading industrial development core that will contribute to the safe operation of global supply chains and export high-tech products around the world,” said the prince. Mohamed, as reported by SPA.
The strategy for the development of industry in Saudi Arabia aims to increase industrial production units in the kingdom from 10,640 today to 36,000 by 2035, according to the same SPA press report.
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