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  • 20-11-21

    Saudi Arabia inaugurates enterprises worth of USD1.6bn

    (MENAFN) Saudi Arabia's National Industrial Development along with Logistics Program has initiated key enterprises that value SR6 billion (USD1.6 billion) in collaboration with Riyad Bank as part of its attempts to advance the country’s ranking in 10 indicators of global ease of doing business.

    NIDLP stated that the enterprises 'We finance, you manufacture' and 'We invest, you manufacture' are going to help in achieving a minimum of 35 goals of the Saudi Vision 2030, advancing Saudi Arabia’s ranking in 10 indicators of global ease of doing business and growing 14 economic and social sectors.

    The first enterprise is intended to locally limit 50 products in five subdivisions with a worth of SR4 billion (about USD1.06), whereas the second initiative is targeted at funding investment funds that are an expert in the industrial field in three sector worth of SR2 billion (about USD533.1).

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