Saudi Arabia is intensifying its efforts to expand the scope of private sector businesses and open wider horizons for national products and services, through a number of programs, initiatives, and services.
The Saudi Export Development Authority (SEDA) called on the private sector to review the latest reports on projects in Iraq through the “International Tenders” service, in a step towards providing continuous support to exporters and identifying the best investments that contribute to expanding their business.
The International Tenders service aims to open new opportunities for national companies to expand in international markets and increase their competitiveness by allowing them to export services and products via international tenders in several targeted sectors.
Saudi Exports called on all companies interested in receiving the service to register, which is a condition for any company to get the service.
Last year, SEDA launched the "International Tenders" service to support exporters, increase their competitiveness, and boost the export rate of Saudi services, products, and re-exportation.
The Authority will identify over 120 international tender opportunities in a number of target countries, mainly covering construction and industrial supplies and infrastructure projects.
The service includes eight targeted sectors and 24 sub-branches, where Saudi Exports will provide periodic reports with data and analyses for the most important projects in targeted countries.
Saudi Exports will also provide periodic reports on data and analysis of the most important projects in the targeted countries.
Last month, SEDA launched Institutional Transformation Strategy to boost non-oil exports, in line with the objectives of Vision 2030.
The Strategy aims to move to a new stage that aligns with the objectives of Vision 2030 in integration with a number of relevant government agencies to diversify the local economy by promoting Saudi non-oil exports.
Saudi Exports announced that over 220 exporting companies benefited from the 'Saudi Export Stimulus' Program, while the 'Made in Saudi Arabia' Program attracted over 1,200 local companies and introduced their products to global markets.
The authority's new strategy aims to boost the participation of non-oil exports from 16 percent to at least 50 percent of the gross domestic product (GDP) by 2030, in line with Vision 2030.
The Saudi government is focused on boosting non-oil exports by providing programs and initiatives aligned with Vision 2030, including “Made in Saudi Arabia,” under the National Industrial Development and Logistics Program (NIDLP).
The Program aims to support national products through an effective economy and unify production services. It combines the identity of Saudi products and services to promote them locally and internationally.
