His Excellency the Minister of Industry and Mineral Resources and Chairman of the National Industrial Development and Logistics Program Committee, Mr. Bandar bin Ibrahim Al-Khorayef, affirmed that the National Industrial Development and Logistics Program (NIDLP) has achieved significant progress in supporting the Kingdom's GDP, with its contribution reaching approximately 790 billion riyals. This announcement reflects the scale of efforts undertaken within the framework of the Kingdom's Vision 2030, which aims to diversify income sources and reduce overall dependence on oil as the primary source of revenue.
The NDL program: a cornerstone of Vision 2030
The National Industrial Development and Logistics Program (NIDLP) is one of the largest and most important programs for achieving the Kingdom's Vision 2030. It was launched with the goal of transforming the Kingdom into a leading industrial power and a global logistics hub connecting three continents (Asia, Europe, and Africa). The program focuses on four key and vital sectors: industry, mining, energy, and logistics, in addition to two key pillars: local content and the Fourth Industrial Revolution.
Economic and strategic importance
The significance of the announced figure (790 billion riyals) lies in its indication of the success of economic diversification strategies. Since the program's launch, the Kingdom has invested heavily in the infrastructure of industrial cities and developed legislation for the mining sector, positioning it as the third pillar of national industry. The program has also contributed to improving the business environment and attracting foreign direct investment, thus enhancing Saudi Arabia's standing in global economic indicators.
Expected impact locally and regionally
Domestically, this growth contributes to creating thousands of job opportunities for Saudi youth, localizing advanced technologies, and increasing the local content in products and services. Regionally and internationally, the development of Saudi logistics and ports strengthens global supply chains and makes the Kingdom an indispensable trading partner in international trade. The integration of the energy, mining, and industrial sectors under the umbrella of the National Industrial Development and Logistics Company (NIDLP) ensures the sustainability of economic growth and enhances the competitiveness of Saudi products in foreign markets, promising a bright future for the Kingdom's non-oil economy.
