In a meeting held remotely in the Asharqia Chamber
"Al Mazrou" is a major part of the development efforts for the Nadlib program in the Eastern Province
The CEO of the National Industrial Development and Logistics Program "Nadlib", Eng. Suleiman bin Khaled Al-Mazroua, revealed that a large part of the development work and initiatives for the program focus on the Eastern Region, which is rich in major investment gains and opportunities.
This came during the meeting held by the Asharqia Chamber yesterday, Thursday, March 25, 2021 AD, and moderated by a member of the board of directors and head of the Chamber's Foreign Investment Committee, Saadoun bin Khalid Al-Ateesh Al-Khalidi, and it was also broadcast through visual communication technology, during which Al-Mazroua reviewed the program’s role and importance in achieving integration between its four sectors And its mechanisms for strengthening partnership with the private sector, and enabling packages that include financial solutions, raising the readiness of infrastructure, and developing special economic zones.
Al-Mazrou said that the National Industrial Development and Logistics Program "Nadlib" brings together four main sectors, namely industry, mining, energy, and logistics services. It is one of the programs to achieve the Kingdom's 2030 vision and aims to transform the Kingdom into a leading industrial power and a global logistical platform, in several promising areas. With a focus on applying the techniques of the Fourth Industrial Revolution, pointing out that the new system provides transparency in the investment environment and thus greater motivation for investors.
Al-Mazrou pointed out that the program aims, by achieving integration between government agencies and financing initiatives, to stimulate private sector investment, increase GDP, increase exports and re-export, and stressed that the Kingdom's possession of many resources, whether in energy, raw materials, logistical sites or infrastructure, made it a fertile environment for investments.
Al-Mazroua explained that the program, to raise the level of cooperation between the public and private sectors and provide new financing solutions, recently signed an agreement with Riyad Bank aimed at developing investment financing capabilities for the strategic axes of the program, as well as a memorandum of cooperation with (STC) that aims to cooperate in building national platforms and use cases. For emerging technologies in the sectors of industry, energy, mining, and logistics, stressing that empowering and stimulating the private sector is at the forefront of the program's priorities.
For his part, a member of the Board of Directors and Chairman of the Foreign Investment Committee in the Asharqia Chamber, Saadoun bin Khaled Al-Khaldi, said that in light of the clear structural transformation witnessed by the industrial and logistics sectors during this period and major developments in terms of pushing up their positive growth rates in the national economy, a program Developing the national industry and logistics services, as a pioneering step that supported national industries and paved the way towards developing quality industries, stressing that the program, since its inauguration for more than two years, has carried strong indications of the wise leadership's determination to achieve the Kingdom's 2030 vision and its ambitious goals.
Al-Khalidi pointed out that the program opened the way for local manufacturers towards many investment opportunities and boosted the increase in local content rates, appreciating the government's rational efforts towards stimulating and supporting the industry, mining, energy, and logistics sectors so that they effectively contribute to enriching local content.
