HomeSaudi ArabiaSaudi Arabia’s exports rise to SR550 billion

Saudi Arabia’s exports rise to SR550 billion


TABUK, 2 January – Saudi Arabia’s exports recorded an increase from SR169 billion to SR550 billion, the Undersecretary of the Ministry of Industry and Mineral Resources for Mineral Resources for industrial services, Eng. Mohammad Al-Suwailem said.

According to Akhbar24, Eng. Al-Suwailem said that there are 118 commodities targeted to be localized.

During a meeting to review the most notably challenges that faces the factories owners in Tabuk which held at the Chamber of Commerce to discuss the most prominent difficulties faced by the Ministry of Industry, Eng. Al-Suwailem noted that the ministry aims to increase the industrial establishments from 10,000 to 32,000 establishments by 2035.

He added that the ministry is working to accelerate and implement the customs exemption after legalizing it and placing them under one administration. noting that they have made a reformation of a special committee in this regard.

This is in addition to completing the study of the initiative to improve its procedures, and then moving to completing the implementation.

The ministry will approve within the next week the electronic evaluation instead of the manual evaluation, which would facilitate the service for the beneficiaries. — Saudi Gazette 


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