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FinancialNews
14-04-21
Localization initiative from Saudi Basic Industries Corp in plan to diversify non-oil economy
(MENAFN)Nusaned Investment, the localization initiative from Saudi Basic Industries Corp (SABIC), was set up in 2018 as part of the Kingdom’s Vision 2030 plan to expand the non-oil economy by supporting the enlargement of local companies and small and medium-sized enterprises (SMEs) in the industrial sector.
Arab News quoted Faisal Al-Buhair, vice president local content and business development and CEO of Nusaned as saying that “We connect potential investors to the program.” “Once they register with the Entema platform, which is the opportunity gate at Nusaned, we take them through the investor’s journey.”
In the previous year 106 Saudi entrepreneurs qualified for Nusaned’s program. The screening of planned investments is a vital step to make sure that the program concentrates on the right candidates and those with the ability to expand and have national impact.
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