SABIC localization scheme to add $2.35bln to Saudi Arabia’s GDP

SABIC localization scheme to add $2.35bln to Saudi Arabia’s GDP

SABIC localization scheme to add $2.35bln to Saudi Arabia's GDP Nusaned, SABIC's localization initiative, announced that 43 new Saudi entrepreneurs qualified from its program, bringing the total number to 106    Image used for illustrative purpose. Multiple banknote on wooden table. JEDDAH: Nusaned, SABIC's localization initiative, announced on Wednesday that 43 new Saudi entrepreneurs qualified from its program, bringing the total number to 106.SABIC set up the initiative in 2018 as part of its bid to encourage the growth of local companies and small and medium-sized businesses, as part of the Kingdom's Vision 2030 strategy to diversify the non-oil economy.In a press statement, Nusaned said its graduates will go on to start projects that will create 6,610 new jobs and contribute more than SR8.8 billion ($2.35 billion) to the Saudi economy.JEDDAH: Nusaned, SABIC's localization initiative, announced on Wednesday that 43 new Saudi entrepreneurs qualified from its program, bringing the total number to 106.SABIC set up the initiative in 2018 as part of its bid to encourage the growth of local companies and small and medium-sized businesses, as part of the Kingdom's Vision 2030 strategy to diversify the non-oil economy.In a press statement, Nusaned said its graduates will go on to start