Sectors
Mining
The mining sector in the Kingdom of Saudi Arabia is characterized by a number of competitive advantages, including: containing high reserves of minerals and raw materials, which constitutes a third pillar of the Saudi economy. In addition, the mining sector is one of the most important factors supporting and enabling other sectors of NIDLP program
Industry
The industrial sector in the Kingdom is characterized by a number of competitive advantages, including: industrial infrastructure with international standards in a number of industrial cities, availability of energy and raw materials at global competitive prices, and the availability of competent human capabilities
Logistics
The Kingdom of Saudi Arabia has many competitive advantages in the logistics sector, on top of which is the central strategic location that links the three continents (Asia, Africa and Europe) and is centered along one of the most important global trade routes in the Red Sea Basin. Additionally, the local size of the Kingdom’s economy as the largest market among GCC markets and one of the most important consumer markets in the Middle East and North Africa
Energy
The Kingdom is considered one of the largest oil and gas producers in the world, and also distinguished by the abundance of natural resources from solar energy and wind, especially in coastal areas, as the Kingdom occupies the first places in the abundance of solar radiation, which contributes to creating new opportunities of high economic value
Did you know about
highlights & events
SIDF provides financial solutions to stimulate automation and digitization projects and enhance energy consumption efficiency as part of the Local Industry Incentive Initiative in collaboration with the Ministry of Industry and Mineral Resources. The initiative aims to enhance the competitiveness of Saudi factories by providing financial incentives such as financing loans and incentives of up to 25% of the project cost. The ultimate goal is to elevate automation, digitization, and energy consumption in the industrial sector, thereby increasing competitiveness.
The General Logistics Centers Plan has been launched to enhance the Kingdom's position as a global logistics hub and attract investments. The plan aims to develop logistics infrastructure and diversify the local economy in line with Saudi Vision 2030. It includes 59 logistics centers
30 fully-funded scholarships are being offered for master's degree studies. This initiative aims to support and empower national talents in the fields of supply chain and logistics management. The Saudi Logistics Academy, in collaboration with the University of Jeddah, is launching an Executive Master's program in Supply Chain and Logistics with the support of the National Industrial Development and Logistics Program (NIDLP).
Future Minerals Forum
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