The second edition of "Made in Saudi" Expo themed as “Saudi Craftsmanship" was concluded in Riyadh, with the attendance of more than 72,000 visitors over the the last 4 days.
The exhibition witnessed hosting Iraq as a guest of honor, with the participation of 24 Iraqi companies, to enhance trade exchange with the Iraqi side, and increase opportunities for growth of national goods and services.
On the sidelines of the conference of the exhibtion, the Saudi Export Development Authority (Saudi Exports) launched the service of Licenses Regulation for Export Houses that aims to increase export by qualifying local companies, attracting foreign investments, and raising the capabilities of local firms, which leads to better access to global markets and brand awareness of Saudi exports, as well as facilitating the export process for local companies, removing obstacles, and enumerating factors that empower exports and make them more effective.
The Saudi Exports launched the “Saudi Technology” label as a brand emerging from the Made in Saudi Program, that promote local products, in the presence of the Chairman of the Board of Directors of the Saudi Exports, Bandar bin Ibrahim AlKhorayef, and the Minister of Communications and Information Technology, Eng. Abdullah bin Amer Al-Swaha with the support of partners from public sector.
More than 120 entities from the public and private sectors participated in the exhibition, which witnessed the signing of 61 agreements and memoranda of understanding, encompassing export and industry localization agreements, worth more than SR1 billion.
On the sidelines of the exhibition, the Local Content and Government Procurement Authority (LCGPA) signed 12 agreements that included the localization of the industry, knowledge transfer, and strategic partnerships and cooperation with a number of entities. The CEO of LCGPA, Abdulrahman bin Abdullah Al-Samari, stated that the agreements will contribute to increasing the gross domestic product by more than SR500 million, providing jobs for public and private sectors.