Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Saudi Arabia signs key deals worth $3.3 billion to strengthen domestic industries

Saudi Arabia signs key deals worth $3.3 billion to strengthen domestic industries

Posted on November 22, 2024   |  

Saudi Arabia signs 15 agreements at the Local Content Forum, boosting domestic industries with a $3.3 billion economic impact.

The government targets manufacturing, technology, and transportation sectors with new deals to drive local growth.

The Local Content and Government Procurement Authority launches initiatives to help localize industries and reach economic goals.

Agreements focus on local manufacturing, knowledge transfer, and innovation across key industries.

Saudi National Automotive Manufacturing Co., NAFFCO, and Alfanar take the lead in localizing automotive, firefighting, and data center tech.

Sadara Chemical Co. launches the "Wattenha" program to support local suppliers and enhance manufacturing.

Saudi Arabia Railways introduces an SR15 billion Saudization plan to localize rail production and create 3,000 jobs by 2030.



Previous