Here is a detailed article based on the JETRO news release, written in a polite tone and in English:
Saudi Arabia’s NIDLP Program Significantly Boosts Non-Oil GDP in 2024
Tokyo, Japan – July 24, 2025 – The Japan External Trade Organization (JETRO) has reported a significant achievement for Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP), announcing that the program contributed an impressive 39% to the Kingdom’s non-oil Gross Domestic Product (GDP) in 2024. This milestone highlights the program’s effectiveness in driving economic diversification away from petroleum dependency.
The NIDLP, a cornerstone of Saudi Arabia’s Vision 2030, aims to transform the nation into a leading industrial powerhouse and a global logistics hub. By focusing on key sectors such as industry, mining, energy, and logistics, the program seeks to attract foreign investment, stimulate domestic production, and create high-value job opportunities for Saudi citizens.
The remarkable 39% contribution to non-oil GDP in 2024 underscores the tangible results of the NIDLP’s strategic initiatives. This growth indicates a successful expansion in sectors beyond oil, a critical objective for the Kingdom’s long-term economic sustainability and resilience. The program’s success is likely attributable to a combination of factors, including supportive government policies, deregulation, investment in infrastructure, and a concerted effort to foster a more business-friendly environment.
JETRO’s dissemination of this information serves to inform businesses and stakeholders about the evolving economic landscape in Saudi Arabia. This development presents potential opportunities for international companies looking to engage with a diversifying and growing economy. As Saudi Arabia continues to implement its Vision 2030, the NIDLP’s ongoing progress is expected to further enhance its industrial capabilities and logistical strengths, positioning it as a key player in regional and global markets.
Further details and analysis of the NIDLP’s impact are anticipated as more data becomes available, offering valuable insights for those interested in exploring business ventures and partnerships within the Kingdom.
サウジアラビアのNIDLPプログラム、2024年非石油部門のGDP39％に貢献
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日本貿易振興機構 published ‘サウジアラビアのNIDLPプログラム、2024年非石油部門のGDP39％に貢献’ at 2025-07-24 05:30. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.