Kingdom of Saudi Arabia's Vision 2030 Riyadh 24

  • 2/5/2023
  • 17:16
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Among our top priorities is to fortify and extend ourinterconnectivity and economic integration with other Gulf Cooperation Council countries. We will strive to complete the process of implementing the GCC common market, unifying customs, economic and legal policies, and constructing shared road and railway networks. We will seek to effectively link with other countries in the region, through enhanced logistics services and new cross-border infrastructure projects, including land transport projects with Africa through Egypt. Logistical and trade exchanges will be streamlined, further cementing our pre-eminent position as a major trade hub. 2.4.3 Supporting our national companies Rather than competing generically across the board, we will concentrate on our comparative advantages, national strengths and the areas that will assure leadership status.Initially, our priority will be to fully support major national companies, which have already gained a leading market share, by promoting their products and services regionally and globally, especially in the fields of oil, petrochemicals, banking, telecommunications, food, health care, and retail. We will also seek to supportSaudi companies with promising growth opportunities so they develop into new regional and global leaders. Finally, we will fully support our national industries, assisting them to market themselves abroad and to export their products.Among our goals by 2030 ... · To raise our global ranking in the Logistics Performance Index from 49to 25 and ensure the Kingdom is a regional leader · To raise the share of non-oil exports in non-oil GDP from 16% to 50% --More 20:33 LOCAL TIME 17:33 GMT www.spa.gov.sa/w

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