SEDA aims to raise non-oil exports to 50% of non-oil GDP by 2030: Official

Logo of The Saudi Export Development Authority (SEDA)

The Saudi Export Development Authority (SEDA) is working on a plan that includes a package of services, which is aimed at contributing to raising the percentage of non-oil exports from the Kingdom’s non-oil gross domestic product (GDP) by 16-50% minimum by 2030, Asharq Al-Awsat newspaper reported, citing Thamer Almishrafi, General Manager of Marketing & Corporate Communications.

On the sidelines of the Big 5 Saudi 2022 exhibition, Almishrafi said the program currently includes more than 1,400 Saudi companies and over 6,500 local products.

“We are currently working on a package of business and services to promote the local product. This includes the launch of trade missions and international exhibition services, as well as improvement of the efficiency of the export environment through studies conducted by the authority on some markets and export opportunities services,” the top official said.

He added that the Made in Saudi Program, which was launched last year under the patronage of Crown Prince Mohammed bin Salman, achieved breakthroughs with the participation of more than 30 participants from the public and private sectors.

The authority aims to participate in more than 20 international exhibitions, as well as several platforms and marketing campaigns aimed at introducing the local products, Almishrafi concluded.