Saudi Arabia to launch SAR 16 bln Industrial Support Program: official

28/01/2019 Argaam

 

Saudi Arabia will announce this year the Industrial Support Program with a budget of SAR 16 billion till 2022, said Abdulaziz Al-Abdulkarim, Deputy Minister of Energy, Industry and Mineral Resources for Industry.

 

“The Industrial Support Program aims to support the companies that will be impacted by the energy price reform,” he said during the launch ceremony of the National Industrial Development and Logistics Program (NIDLP).

 

It also aims to support investment, productivity and energy efficiency, he added.

 

NIDLP, which was launched today, aims to develop the national industry and logistics services through 13 programs in line with the Kingdom’s Vision 2030.

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