New industrial policy seeks to diversify Saudi economy

Share
1 min read
Share
  • The new industrial strategy envisages tripling the country’s industrial domestic product and doubling the value of industrial exports to $148.2 billion.
  • The Crown Prince said the program will make the kingdom a leading industrial power that “contributes to securing global supply chains and exporting high-tech products to the world”

Dubai—On Oct 18, Saudi Arabia launched its new industrial policy which, according to Crown Prince Mohammed bin Salman, will make the kingdom a leading industrial power that “contributes to securing global supply chains and exporting high-tech products to the world”. The new industrial strategy envisages tripling the country’s industrial domestic product and doubling the value of industrial exports to $148.2 billion. TRENDS takes a look at what is driving the ambition for massive industrialization.

 

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Google reCaptcha: Invalid site key.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST