Saudi Railways gets authorization to implement NIDLP initiatives

30/07/2019 Argaam

 

The Saudi Cabinet has authorized the Saudi Railways Organization (SRO) to implement the Saudi railways initiatives, in line with the National Industrial Development and Logistics Program (NIDLP). 

 

In October, Saudi Arabia launched NIDLP, which is expected to contribute SAR 1.2 trillion to Saudi gross domestic product (GDP), providing 1.6 million job opportunities and attracting SAR 1.6 trillion in new investments by 2030.

 

The new program, in line with Saudi Vision 2030, is forecast to help the development of eleven industries. It includes more than 300 initiatives, aiming to increase the share of non-oil exports to 50 percent of all Saudi exports.

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