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The National Industrial Strategy of Saudi Arabia

The National Industrial Strategy of Saudi Arabia. بسم الله الرحمن الرحيم. Saudi Arabia is the largest economy in the MENA region and a G20 member. Several world class industries. Numerous national economic initiatives Jubail and Yanbu; the cluster program (NICDP); Four Economic Cities.

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The National Industrial Strategy of Saudi Arabia

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  1. The National Industrial Strategy of Saudi Arabia بسم الله الرحمن الرحيم

  2. Saudi Arabia is the largest economy in the MENA region and a G20 member • Several world class industries • Numerous national economic initiatives • Jubail and Yanbu; the cluster program (NICDP); Four Economic Cities • Numerous knowledge • and innovation initiatives • KAUST, KACST, KFUPM, DTV, KSU, KAAU World Bank’s “Doing Business” Report ranked Saudi Arabia 13th in “Ease of Doing Business”, up from 67th in 2004

  3. Crossroads Wealthy Oil-based Nation Globally Competitive Economy Path A Path A • Leverage the natural resource base to take the country to the ‘next level’ of development, creating globally-competitive economy • Maintain the current organic growth path, as a wealthy nation whose prosperity is driven by natural resources OR

  4. “ Manufacturing is our strategic choice to diversify the economy ” The National Industrial Strategy 2020

  5. New Phase of Industrialization

  6. A young Population • 0-14 years: 37.2% • Average age is 21.4 years • Population growth rate: 2.3% • Total new jobs required for Saudis by 2020: 3.5 M Source: CDSI 2007 census

  7. Vision "A globallycompetitive industry , based on innovation and acting as a major tool in transforming national resources into sustainable wealth"

  8. Strategic Goal “To increase the contribution of the manufacturing sector to the GDP to 20% by 2020 from the current 11%”

  9. Specific Targets MVA 3 X Exports 35 % National Workforce 4 X Technology content 60 % 9

  10. Governance Investment Environment SMEs National clusters Future and KBI Governance Governance Innovation & Technology Develoment Human Resources Infrastructure & Support Services Governance

  11. Supreme Economic Council National Steering Committee National Industrial development Program البرنامج الوطني للتنمية الصناعية Advisory Council Innov. Tech. Dev. Future Ind. Business Environment Clusters Support Services SMEs Human Capital Stakeholders Stakeholders Stakeholders

  12. National Consensus National Strategy Document Implementation Plans 30 National Programs 107 Initiatives • 800 Experts • 35 National & International Workshops • 200 Research Studies

  13. Targeted Industries Investment Opportunities Local & Global Perspective

  14. Thank You …. شكرا .........

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