As part of Vision 2030, Saudi Arabia is actively working to Industrial Growth in Saudi Arabia and diversify its national economy by launching a range of strategic programs and initiatives. These efforts aim to develop industrial sectors, improve the investment environment, and strengthen local content, thereby boosting the Kingdom’s global industrial competitiveness.
Below is a detailed overview of the key programs and initiatives supporting the industrial sector:
1. National Industrial Development and Logistics Program (NIDLP)
The National Industrial Development and Logistics Program (NIDLP) is a core initiative of Vision 2030, aiming to transform Saudi Arabia into a leading industrial powerhouse and global logistics hub. The program focuses on advancing the industrial, mining, energy, and logistics sectors while promoting local content and enhancing energy sector competitiveness. It also seeks to establish special economic zones, improve logistics hub performance, and maximize the added value of the mining sector.
Source: Vision 2030 – NIDLP
2. “Made in Saudi” Program for Industrial Growth in Saudi Arabia
Launched in 2021, the “Made in Saudi” program aims to support local products, increase non-oil exports, and strengthen the national industrial sector. The program targets raising non-oil exports to 50% of the non-oil GDP by 2030. It allows Saudi companies to use the “Made in Saudi” logo as a certified trademark for their products, enhancing global consumer confidence.
Source: Made in Saudi Program
3. Future Factories Initiative
The Future Factories Initiative aims to transform 4,000 factories in Saudi Arabia into smart, automated, and AI-driven operations, moving away from labor-intensive models. This initiative represents a significant shift towards adopting Industry 4.0 technologies, thereby improving the Kingdom’s global industrial competitiveness.
Source: Future Factories Initiative
4. Industrial Incentives Program
Saudi Arabia has allocated 10 billion SAR to support the incentives program, which aims to encourage industrial investments, promote innovation, and support advanced industries. These incentives target priority sectors such as chemical manufacturing, automotive production, and machinery and equipment industries.
Source: Industrial Incentives
5. Industrial Business Accelerator Program
The Public Investment Fund (PIF) has launched the Industrial Business Accelerator Program, a 6-month initiative designed to support emerging industrial companies. The program enhances product development, increases local content, and connects startups with major corporations to strengthen industrial integration.
Source: Industrial Business Accelerator
6. Saudi Industrial Development Fund (SIDF) Support
The Saudi Industrial Development Fund (SIDF) plays a key role in financing industrial projects and has expanded its support to include the energy, mining, and logistics sectors. The fund offers various financial incentives to drive industrial growth and achieve Vision 2030 objectives.
Source: Saudi Industrial Development Fund
IPIC’s Role in Supporting Industrial Growth in Saudi Arabia
Amid this ambitious industrial transformation, IPIC (Intelligent Performance for Industrial Consultation)
plays a vital role in helping industrial companies maximize the benefits of government programs and initiatives through:
- ✔ Conducting SIRI assessments to measure factory readiness for digital transformation.
- ✔ Developing industrial transformation plans to ensure sustainable industrial and technological growth.
- ✔ Implementing automation and digitization solutions to enhance productivity and reduce operational costs.
- ✔ Providing industrial and technical consulting to support industrial innovation.
- ✔ Assisting in securing government incentives such as the Future Factories grant, industrial incentives, and SIDF support.
📢 Looking for a strategic partner in your industrial transformation journey?
🔹 Contact us today to start your journey toward smart and sustainable manufacturing!
📧 Email us at: info@ipic.sa.com
IPIC – Your Companion in Industrial Transformation Journey
