Saudi Launches 200 Projects in 74 Countries to Support Kingdom’s Non-Oil Exports

Saudi Arabia pushes for national products to reach global markets (Asharq Al-Awsat)
Saudi Arabia pushes for national products to reach global markets (Asharq Al-Awsat)
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Saudi Launches 200 Projects in 74 Countries to Support Kingdom’s Non-Oil Exports

Saudi Arabia pushes for national products to reach global markets (Asharq Al-Awsat)
Saudi Arabia pushes for national products to reach global markets (Asharq Al-Awsat)

More than 200 projects were launched in 74 countries to support the export of Saudi national products, revealed a recent report that monitored the level of achievements of the Kingdom's Vision 2030 in 2021.

The projects come within the framework of supporting Saudi products’ access to international markets, the report added.

Empowering local content and national industries in all fields and upgrading their quality are among the priorities of Saudi Vision 2030, which looks to raise the contribution of non-oil exports to the Kingdom’s non-oil GDP to about 50% by 2030.

The report, which Asharq Al-Awsat viewed a copy of, revealed several achievements related to achieving a diversified economy and enhancing local content.

For example, the “Saudi Made” program managed to attract more than 1,100 local companies, with more than 4,500 products in 16 diversified sectors.

“Saudi Made” offers a large package of advantages and opportunities for companies, expands the scope of their work and helps them to promote their services and products locally and globally and direct purchasing power towards them after adhering to the quality and standards specified in the program.

In the military sector, according to the report, the Saudi Council of Ministers approved the strategy of the military industries sector in the Kingdom.

The strategy aims to develop national industrial capabilities in the military field, support investors, transfer technology, and provide job opportunities for the country’s young men and women, as the total number of licensed companies in the military sector reached 144 by the end of 2021.

Moreover, as part of the strenuous efforts to diversify the economy and localize industries, Saudi Arabia launched the National Strategy for Transport and Logistics Services.

The strategy includes a wide range of major projects and ambitious initiatives that will push the sector's services to advanced levels regionally and internationally to support sustainable development in all regions of the Kingdom.



European Companies Signing More than $42 Bln Worth of Deals in Egypt

European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
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European Companies Signing More than $42 Bln Worth of Deals in Egypt

European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)

European Commission chief Ursula von der Leyen said on Saturday European companies were signing more than 20 new deals or MOUs worth a total of more than 40 billion euros ($42.85 billion) at the Egypt-EU Investment Conference, Reuters reported.
The joint Investment Forum, which takes place in Cairo on 29th and 30th of June, is a first key deliverable of the Egypt-EU Strategic and Comprehensive Partnership agreed by the presidents of the EU and Egypt, Abdel Fattah al-Sisi, in March 2024.
The Partnership covers political relations, economic stability, investments and trade, migration and mobility, security and demography, and human capital.

The Conference will bring together some 1,000 participants, including Egyptian and EU Ministers, senior officials, European financial institutions and CEOs from a wide range of sectors from both the EU and Egypt.