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Business, Economy, Video

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

New industrial policy seeks to diversify Saudi economy

By TRENDS Desk
October 31, 2022 12:36 pm
  • 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.

 

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INSEAD Day 4- 300x600
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