Sunday,9 September 2016

INDUSTRIAL DEVELOPMENT IN SAUDI ARABIA

INDUSTRIAL DEVELOPMENT IN SAUDI ARABIA
Although industrialization is relatively recent, in Saudi Arabia, it has witnessed a steady development, during which distinguished accomplishments were achieved. These are attributed to the importance of the industrial sector and the support it receives from the government owing to its role in achieving strategic and economic goals of the country. The efforts exerted by the government for the support of industrial development covered several basic spheres including implementation of required infrastructure, construction of Jubail and Yanbu industrial cities, construction of industrial cities in various regions of the Kingdom, establishment of Saudi Industrial Development Fund (SIDF), and continued provision of other industrial support and incentives. The response and cooperation of the private sector with the governmental plans and efforts have an effective impact on actualization of the industrial development's achievements. In the following, we review, in brief, some of the industrial progress indicators in Saudi Arabia over the past years.

                                                                                                                                                                 (SIDF)