NIDLP a ‘historic’ event for Saudi Arabia’s development: Saudi Aramco CEO

The launch of the National Industrial Development and Logistics Program (NIDLP) under the patronage of Crown Prince Mohammed bin Salman is a historic event in the march of national development, the Saudi Press Agency (SPA) has reported, quoting Amin Nasser, President and CEO of Saudi Aramco.

In a press statement, Nasser stressed that the Kingdom will witness a new era for industrial and economic prosperity due to the Kingdom's unique strategic location as a hub among three major continents.

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He added that this program invests in the Kingdom's global energy power in order to generate more investment opportunities as well as national and international partnerships, SPA report added.

"NIDLP is a comprehensive umbrella that integrates efforts of many strategic sectors to establish an advanced future system that will enable the Kingdom to become a global leading player in the fields of infrastructure, industry, mining, logistics and supply chains by 2030,” he said.

“Through strengthening the Kingdom's status in the energy field, the program will achieve a qualitative leap in industrial exports in addition to creating huge opportunities for private sector, employment and innovation in technology and business," he added.

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The Aramco CEO added that the program also focuses on the qualitative aspects, including Fourth Industrial Revolution techniques, achieving the highest degree of efficiency, competitiveness and regional and international integration through developing the attractive environment for work, investment and talents. He affirmed that the Saudi Aramco will be a key pillar of the program, SPA report added.