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Over 850 Companies Plan to Join 'Made in Saudi' Program

Over 850 Companies Plan to Join 'Made in Saudi' Program

Thursday, 8 April, 2021 - 05:00
A general view of the Saudi capital Riyadh. (Reuters)

Secretary-General of Saudi Export Development Authority (Saudi Exports) Faisal Al-Bedah revealed on Wednesday that more than 850 companies have applied to join the "Made in Saudi" program.

Al-Bedah highlighted the program’s objectives, namely increasing domestic consumption and market share of domestic goods and services, increasing Saudi non-oil exports in priority export markets, and enhancing the attractiveness of the Saudi industrial sector for domestic and foreign investment.

“Made in Saudi program promoted national identity, boosted the contribution of the private sector to the economy, launched the capabilities of promising non-oil sectors by developing their exports, and enabled the creation of teams through small and medium-sized enterprises and micro-enterprises," said Al-Bedah.

Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef, who is also the authority’s chairman, launched the initiative under the patronage of Saudi Arabia's Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense.

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