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 Five major initiatives for "SAUDI EXPORTS" to support exporters

calendar 8/8/2018 10:00 AM


​Saudi Export Development Authority "SAUDI EXPORTS" continues its efforts to support exporters to raise their competitiveness and promote their products and services in order to expand into international markets and to overcome barriers that may limit that, which reflects the Vision of the Kingdom of 2030 and its objectives to increase the proportion of non-oil exports from 16% to 50% of the total value of gross domestic progress (GDP), seeking to meet the expectations of the wise leadership to diversify sources of income for the national economy leading to a bright future and a sustainable economy.

"SAUDI EXPORTS" is currently working on implementing five major initiatives. The first one of it is Export Environment Efficiency Improvement Initiative, which aims to solve the challenges faced by exporters as well as to instill an export culture and raise awareness of its importance. It also helps exporters in obtaining supportive logistic services and qualified human competencies in the field of exports.

Followed by export capacity development initiative of Saudi enterprises, aimed at raising the knowledge of Saudi enterprises of the best export practices, export policies and export procedures in the Kingdom and priority markets, this is done through training programs and financial and advisory assistance.

"SAUDI EXPORTS" is working on the initiative of promoting exporters and their products that aim to help exporters find export opportunities, select appropriate markets for their products, and connect them with potential buyers and partners in international markets. In addition to raising awareness of Saudi products and improving its mental image through the establishment of a trademark for the Saudi product and promote the identity of that mark in the international markets.  The strategy of "Made in Saudi Arabia" project, in which "SAUDI EXPORTS" cooperated with a number of relevant government agencies, has been developed to determine the criteria for granting this brand in terms of origin, quality and credibility. During the next phase, the brand will be built and the procedures for obtaining it, the necessary requirements will be determined and then marketing it in the international markets.

Among initiatives the initiative of the Saudi Export Bank establishment in its two phases founding and operational. Where "SAUDI EXPORTS" supervises the establishment of the Saudi Export Bank and completes the necessary statutory procedures to establish it in cooperation with the relevant government agencies. Note that the bank provides solutions, financial services and direct financing to Saudi exporters, thus bridging the gap in financial solutions currently provided by local banks and other government programs.

It is worth noting that Saudi Arabia's non-oil exports during the first quarter of 2018 amounted to 56 billion SAR. Where Saudi non-oil exports for the first quarter of 2018 witnessed an increase by 19% compared to the same period, an increase of 11 billion SAR compared to the first quarter of 2017. Where the chemicals and polymers sector ranked first with exports of 32 billion SAR, followed by the building materials sector with a value of 5.3 billion SAR, followed by the engines and spare parts sector with exports of 3.1 billion SAR, followed by the food sector with a value of 3 billion SAR, followed by the packaging sector with a value exceeding 1.4 billion SAR, Followed by the customer durable goods sector with a value of 1.2 billion SAR.

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