Localizing for future growth
Ever since Saudi Vision 2030 was announced, the Kingdom has been moving at an accelerated pace in the path of development to boost the national economy away from the sole dependency on oil as a source of income.
Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Riyadh is hosting the fourth session of the Armed Forces Exhibition for Diversification of Local Manufacturing (AFED) 2018, dedicated fully to promoting local content in related industries. The exhibition also highlights opportunities in producing as many as 80,000 spare parts in the Kingdom.
There are several factors that point to the success of event, especially as industrialization is one of the most important pillars of the national economy. It is also an important pillar for the success of any economic strategy. Therefore, developing world-class domestic industries is one of the top priorities of the Kingdom.
The seven-day exhibition is an opportunity for realizing the dreams of Saudis. At the same time, it is important that efforts to promote local content are intensified for the future growth of the Kingdom. It is only then that a culture of productivity is fully nurtured and human and material resources are optimized.
Any project led by the King and his Crown Prince has every potential of succeeding because they are determined to see a flourishing economy in the Kingdom.