President and Chief Executive Officer of Saudi Aramco Amin Nasser hailed on Monday the National Industrial Development and Logistics Program (NIDLP) as a historic event in Saudi Arabia’s pursuit of national development, reported the Saudi Press Agency.
The NIDLP was inaugurated on Monday by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, during a ceremony in Riyadh.
In a statement, Nasser stressed that Saudi Arabia will witness a new era for industrial and economic prosperity due to its unique strategic location as a crossing point between three major continents.
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.
"The 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,” said Nasser.
“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.
He stressed 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.
