Advancing Industrial Policy

Saudi Arabia's industrial sector will play a pivotal role in shaping the nation's future economy and achieving the objectives outlined in Vision 2030. Enhancing competitiveness and nurturing the growth of emerging industries will be crucial to meeting these objectives, encouraging both localization of domestic consumption and export-driven growth.

Despite the potential of the industrial sector, the market alone will not be sufficient to spur the necessary economic shift. Government intervention through industrial policy will be critical as Saudi Arabia continues its economic transformation. These policies will provide the necessary support to encourage innovation and technology adoption, attract investment, foster sector development, and promote export expansion.