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Saudi Arabia Launches National Industrial Development and Logistics Program

Saudi Arabia launches the National Industrial Development and Logistics Program. (SPA)
Saudi Arabia launches the National Industrial Development and Logistics Program. (SPA)
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Saudi Arabia Launches National Industrial Development and Logistics Program

Saudi Arabia launches the National Industrial Development and Logistics Program. (SPA)
Saudi Arabia launches the National Industrial Development and Logistics Program. (SPA)

The National Industrial Development and Logistics Program (NIDLP) was inaugurated on Monday in a ceremony held under the patronage of Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, reported the Saudi Press Agency (SPA).

The program aims to transform Saudi Arabia into a leading industrial power and a global logistics platform.

Minister of Transport, Dr. Nabil bin Mohammed Al-Amoudi said that the Kingdom is witnessing, under the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and follow up from Crown Prince Mohammed, a rapid and unique process of progress and development, represented by the Kingdom's Vision 2030.

He added that the vision is based on building a productive society, a prosperous economy and an ambitious nation.

He stressed that the NIDLP aims at integrating the capabilities of the Kingdom's state agencies, as well as attracting and encouraging local and international investments through the energy, industry, mining, and logistics. This will allow Saudi Arabia to become a leading industrial power and a global logistics platform.

Furthermore, Amoudi revealed that more than 300 initiatives are currently underway, stressing that the main driver of this program is the local and international private sector.

He said that the program supported all its initiatives with a wide range of potentials and incentives to attract more than SR1.7 trillion in local and international investments.

This will boost the contribution of the four main sectors to the Gross Domestic Program (GDP) to SR1.2 trillion. It will increase the contribution of the local content to more than SR700 billion and create 1.6 million new jobs and raise the volume of Saudi exports to more SR1 trillion.

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Bahrain Inaugurates Bapco Refinery’s Modernization Project

Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA
Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA
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Bahrain Inaugurates Bapco Refinery’s Modernization Project

Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA
Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA

Bahrain’s King Hamad bin Isa Al Khalifa has inaugurated the Bapco Modernization Project (BMP), which stands as the largest strategic undertaking in the Kingdom’s history and a pivotal development in the energy sector. It is expected that production capacity will reach 400,000 barrels per day.

The inauguration took place on Thursday in the presence of Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, and on Bahrain’s 53rd National Day celebrations and the Silver Jubilee of the King’s accession.

The King underscored the significance of BMP in fostering national development and sustainability, aligning with Bahrain’s ambition to maximize the value of its natural resources for economic and societal advancement.
"This landmark project reflects our enduring commitment to sustainable growth, utilizing the Kingdom of Bahrain’s natural energy resources to power economic progress and development," he stated.

King Hamad highlighted the BMP’s role in driving the Kingdom’s energy transition strategy, emphasizing the government’s steadfast dedication under the leadership of the Crown Prince and Prime Minister to advancing economic recovery through strategic investments in high-potential sectors.

Group Chief Executive Officer of Bapco Energies Mark Thomas and Dr. Abdulrahman Jawahery, Chief Executive Officer of Bapco Refining, highlighted during a joint press conference held on the sidelines of the inauguration of BMP, that the initiative marks a significant step towards enhancing Bahrain’s production capacity in oil refining.

They noted that the project is expected to substantially support the national economy and increase revenues, representing a strategic step to strengthen Bahrain’s economy by creating new jobs and improving the quality of petroleum products, with a focus on employing Bahrainis in the project.

They also expressed their optimism about the strategic project, which will serve as a foundation for launching new initiatives to enhance Bahrain's position as a leading investment destination. It is expected that production capacity will reach 400,000 barrels per day, representing a 42% increase.

Jawahery highlighted the historical cooperation between Bahrain and Saudi Arabia, commending the partnership between Bapco and Saudi Aramco. "We currently import 220,000 barrels per day of Saudi crude oil, and with the project’s completion, imported quantities will exceed 320,000 barrels per day. This sustainable cooperation spanning more than 70 years serves as a model for Gulf integration," he said.