Saudi Arabia to Enhance National Products’ Competitiveness in Global Markets

  • Date: 15-Feb-2022
  • Source: Asharq AL-awsat
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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Saudi Arabia to Enhance National Products’ Competitiveness in Global Markets

The Saudi Ministry of Industry launched the Made in Saudi Arabia exhibition, meanwhile, experts expect the industrial sector in the Kingdom to grow by 5 to 6 percent, in parallel with an increase in global partnerships thanks to the competitiveness of national products.

Held under the slogan of “Our Industries, Our Successes,” the Made in Saudi Arabia exhibition falls within the activities of the Riyadh season and will last for three consecutive days.

250 parties featuring 4,500 products participate in the exhibition, in addition to more than 15 workshops led by more than 30 speakers.

The exhibition is aimed at presenting Saudi products among consumers and stimulating investments within the industrial sector in the Kingdom, thus consolidating the sector’s position on the global map.

The Sector Growth

Abdallah Al-Khorayef, head of the National Industrial Committee at the Chamber of Commerce and Industry in Riyadh, expects the sector to grow by 5-6 percent during 2022 in light of an expected increase in factories.

In remarks to Asharq Al-Awsat, Al-Khorayef said that a plan set by the Saudi government for the sector would create a coherent environment that promotes the growth of industries. He said the Kingdom was determined to raise the GDP of non-oil products by increasing