As part of Saudi Arabia’s goal to attract new foreign investment, develop localized manufacturing, and achieve the ambitious goals laid out in Vision 2030, the Kingdom unveiled a sweeping plan to develop infrastructure and industry, known as the National Industrial Development and Logistics Program (NIDLP). Valued at more than $450 billion, the program is anticipated to see the signing of approximately 66 agreements targeted in sectors including mining, energy, and logistic services, among others. As the program is executed, other industries of investment will include defense/security, chemicals and downstream, as well as small and medium-sized businesses.
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