Riyadh – Sharikat Mubasher: Suliman Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP) revealed that the worth of the agreements signed on the sidelines of the Global Logistics Forum (GLF24) exceeded the SAR 80 billion so far.
The CEO told Al Eqtisadiah that NIDLP is working with the private sector to maximize governmental expenditure on logistics services.
The National Industrial Development and Logistics Program aims to transform the Kingdom into a leading industrial powerhouse and a global logistics hub, by maximizing the value of its mining and energy sectors while unlocking the full potential of local content and the 4th Industrial Revolution (4IR).
NIDLP largely contributes to driving the Kingdom’s economic diversification towards sustainable growth by fostering a globally attractive investment environment.
The National Industrial Development and Logistics Program was launched at the beginning of 2019, out of the leadership's belief in the importance of the program's 4 sectors (Energy, mining, industry, and logistics) and via integration to maximize their contribution to the Kingdom's efforts to grow and diversify the economy.
The two-day Global Logistics Forum kicked off yesterday and ends today, Oct. 14. It is being held at the King Abdullah Financial District and is organized by the Ministry of Transport and Logistics Services, under the patronage of King Salman.
