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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Saudi launches National Industrial Strategy

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Saudi Crown Prince Mohammed bin Salman launched the National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), the country's state news agency, SPA, reported. The strategy is a plan to promote industry and attract investment in the kingdom's economy, leading to economic diversification and growth of non-oil exports and GDP.


The strategy will also increase the total additional investments in the sector to 1.3 trillion riyals ($346.21 billion), the agency added.


"Through the National Industrial Strategy and in partnership with the private sector, the kingdom will become a leading industrial powerhouse that contributes to securing global supply chains and exports high tech products to the world," the agency quoted Prince Mohammed as saying. - Reuters


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