Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, inaugurated on Monday the National Industry Development and Logistics Program (NIDLP) during a ceremony in Riyadh, reported the Saudi Press Agency. The program which aims to transform Saudi Arabia into a leading industrial power and global logistics platform. The NIDLP consolidates integration in the sectors of industry, mining, energy and logistics. The program seeks to develop qualitative industries, increase non-oil exports, reduce imports, raise contribution of the target sectors to the Kingdoms gross domestic product (GDP) and attract foreign investments. In a statement to SPA, Minister of Energy, Industry and Mineral Resources Khalid bin Abdulaziz Al-Falih, said that upon directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed to develop the sectors of industry, mining, logistics and energy, "we have worked to develop plans, prepare initiatives, attract investors and translate initiatives and ideas into sustainable development projects.” “We prepared and launched incentives and potentials to support and encourage the private sector, which is a strategic development partner in this program." "By 2030, the program aims to increase the contribution of the four sectors; industry, mining, logistics and energy in the GDP into SR1.2 trillion. The program seeks to stimulate investments worth more than SR1.7 trillion, raise non-oil exports to more than SR1 trillion, and develop the labor market through creating 1.6 million new jobs.” Al-Falih stressed that the forum includes detailed presentations on the program and its key sectors, initiatives and investment opportunities. Thirty-seven agreements and memorandums of understanding were signed during the launch of the NIDLP. A further 29 deals will be signed in the future. The total value of these agreements is estimated at about SR205 billion. The ceremony was attended by Prince Faisal bin Bander bin Abdulaziz, Governor of Riyadh Region, and a number of princes, ministers and senior officials in addition to businessmen and investors from a number of countries.