National Companies Promotion Program

E218498

The National Companies Promotion Program is a Saudi Arabian initiative aimed at developing and empowering leading domestic firms to become globally competitive champions in line with the economic diversification goals of Vision 2030.

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National Companies Promotion Program canonical 1

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Statements (41)

Predicate Object
instanceOf Saudi Vision 2030 initiative
government economic program
aim develop leading domestic firms
empower Saudi companies to become globally competitive
support creation of national champions
alignment Saudi Arabia economic diversification strategy
Saudi Vision 2030 private sector empowerment pillar
beneficiary leading Saudi national companies
benefit enhanced visibility and recognition for participating companies
improved access to government facilitation and support services for selected firms
country Saudi Arabia
designedFor companies with potential to become regional or global leaders
companies with strong financial and operational performance
expectedOutcome emergence of Saudi national champions with global presence
increased foreign investment attraction through stronger local firms
focus large Saudi companies with high growth potential
strategic sectors of the Saudi economy
goal contribute to economic diversification in Saudi Arabia
enhance global competitiveness of Saudi private sector
increase non-oil economic output
language Arabic
English
mechanism coordination with relevant Saudi government entities
targeted support and facilitation for selected companies
objective create high-quality jobs for Saudi nationals
increase contribution of selected companies to GDP
strengthen export capacity of Saudi firms
partOf Saudi Vision 2030
policyType industrial policy
private sector development program
regionServed Saudi Arabia
relatedTo National Industrial Development and Logistics Program
Privatization and private sector participation initiatives in Saudi Arabia
Saudi export promotion policies
sectorCoverage non-oil sectors
strategic and high value-added industries
strategicRole build globally competitive Saudi corporate sector
support transition to a diversified, knowledge-based economy in Saudi Arabia
supports expansion of Saudi companies into international markets
improvement of corporate governance in beneficiary firms
innovation and productivity enhancement in Saudi companies

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Saudi Vision 2030 includesProgram National Companies Promotion Program