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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

176 Industries Localized in Saudi Arabia with Investments Exceeding $34 Billion

Bandar Alkhorayef Saudi Arabia Board of Directors Kingdom
Saudi Arabia is seeking to localize various industries, which will reflect positively on the country’s gross domestic product. (Asharq Al-Awsat)

The Saudi Local Content Coordination Council revealed that the value of opportunities that were developed and launched in the Kingdom during the past year, with the aim to increase local content, reached about 24.8 billion riyals ($6.6 billion).

In parallel, 176 industries were localized in three years from 2019 to 2022 with an investment value amounting to SR128 billion.

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