Saudi Arabia launches National Industry Strategy that aims to triple output to $149bn – The National

Saudi Arabia launches National Industry Strategy that aims to triple output to $149bn – The National

Saudi Arabia launched a new National Industry Strategy on Tuesday that aims to triple industrial output and increase the value of the kingdom's industrial exports to about $149 billion by 2030, according to state-run news agency SPA.

The strategy aims to attract investment into the sector, boost economic diversification, increase non-oil exports and grow the kingdom's gross national product, SPA reported on Tuesday.

The new programme identifies 800 investment opportunities worth $266.2bn to provide sustainable economic returns for the kingdom by 2030.