Kingdom's Vision 2030, National Program of Transformation Draw Attention of Americans Kingdom's Vision 2030, National Program of Transformation Draw Attention of Americans 6 Washington

  • 2/5/2023
  • 16:46
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Minister of Trade and Investment Dr. Majid bin Abdullah Al-Qassabi discussed a number of objectives of the Deputy Crown Prince's visit to the United States, including marketing and introducing the Kingdom's vision 2030, and building on the gained previous partnerships to take advantage of the American giant companies in the Kingdom's needs within the promising sectors in vision, and discussed opportunities for national companies in export and support for its products in international markets. Dr. Al-Qassabi pointed out that during the visit, Deputy Crown Prince granted the first license to the company (Dow Chemical) to invest in the Kingdom of Saudi Arabia, to operate in the local market according to certain controls based on the general direction of the state to open investment in retail trade that was announced by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud during his visit to America in 2015, in addition to providing the quality and knowledge of the industry in the Saudi market without affecting the existence of the citizen in the market. Trade and Investment Minister said that this investment and others will benefit in opening national factories in the Kingdom of Saudi Arabia, pointing out, that during this visit, the Deputy Crown Prince will grant permits for two more companies, namely (3M) and (Pfizer), stressing that they will add a lot of value to Saudi market, because they are well-known global companies, while negotiations are still underway about the entry of Apple to the market. Dr. Al-Qassabi discussed the subject of human investment, through access to "management of small businesses in America" which includes the experience of 28 million facility. He added that the Kingdom has established "small and medium enterprises Authority" and still working on its national strategy, and partnerships were held with small businesses in America to take advantage of them as to match the needs of the Kingdom, as well as mechanism work with the American Chamber of Commerce for the exchange of information as Saudi and foreign investors need for it. Dr. Al-Qassabi said that they developed mechanisms to implement a project to exchange experiences with the American side in small enterprises, and by the end of September, the delegation will visit the Kingdom to look closely at the steps taken with regard to Small and Medium Enterprises Authority. -- SPA 02:52 LOCAL TIME 23:52 GMT www.spa.gov.sa/w

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