The Kingdom of Saudi Arabia has been thriving in an encouraging economic climate motivated by various investments, mainly, the private sector ones’ with its aspiring investments; which proves to be an important indicator of the prosperity of our economy.
The government of the Custodian of the Two Holy Mosques has been giving great care and encouragement to the economic sector activities through various means and methods; in order to effectively guarantee sustainable economic growth and increase per capita income. The government has approved a set of economic policies, systems, procedures, and programs and has set up entities to serve this sector, both directly and indirectly. This has been accompanied by a serious initiative to develop the financial market and to create the necessary legislative, executive, and supervisory institutions along with the appropriate environment for the private sector’s growth.
In order to find the means for improving and reinforcing the competitiveness of non-petroleum Saudi exports,
the Cabinet issued decree no. 259 on 7/8/1428 Hijri emphasizing this role through the establishment of Saudi Export Development Authority. Thus, “SAUDI EXPORTS” has been established to serve and reinforce national economy, to increase national non-petroleum exports, to open up to global markets and to encourage national products and increase their competitiveness. Besides, it has been aiming to provide facilitations to exporters as offered in other countries, and to open new markets through starting free trade agreements signed with other countries as well. This would lead our national economy towards an advanced future; where economic and social prosperity supported by a varied-resource economy has been achieved, and a well-balanced and sustainable economic development has been fulfilled.
We hope that Saudi Export Development Authority reflects the value, stature, development, and advancement of the Saudi economy. Moreover, we hope to see Saudi products at different global markets competing with the products’ of the same quality level. I have great hopes in achieving that.
May Allah bestow success upon us,,,