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The automaker is spearheading Saudi Arabia’s EV ambitions, combining cutting-edge innovation with local talent to support Vision 2030 and drive the Kingdom’s transformation into a global clean mobility hub The agreements focused on building investment partnerships in several fields, including construction and infrastructure Focus areas include modernizing business models and boosting operational efficiency within the industrial sector As Saudi consumers demand health, convenience and affordability, the kingdom’s food economy is becoming a proving ground for new value creation Benchikh's focus is on driving innovation that could transform public health while ensuring sustainability of the business and shareholder value Outbound containers experienced a notable 14 percent increase, reaching 254,832 containers The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy The partnership outlines initiatives to transfer advanced technology and modernize industrial processes This represents a $505.86 million increase over the previous year This volume was handled by over 70 licensed logistics companies, ensuring secure and confidential delivery The Kingdom’s ports have made notable advancements, achieving, in August, 15th place globally in annual container handling The visit aims to boost cooperation in industry and mining, strengthen bilateral relations, and attract investments to the Kingdom Inbound traffic totaled 3.4 million TEUs, whereas outbound traffic amounted to 2.2 million TEUs The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquarters The ministry has launched initiatives in the industrial and mining sectors for entrepreneurs and SMEs to leverage The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms This initiative aims to boost socio-economic growth and improve residents' quality of life This MoU will expire upon signing the SPA, expected by September 30 By the end of Q2 2024, the number of Fintech companies in the Kingdom reached 224, exceeding the target of 168 800+ development projects have been funded by SFD since inception  The park features 60,000 sqm of creative spaces, nine innovative office buildings Tech and government investments are transforming the Kingdom's esports sector, creating 39,000 jobs by 2030 National Industrial Strategy seeks to raise the number of factories across the country 3.5 fold to 36,000 factories by 2035 $19.64 billion in non-oil exports through 34 customs outlets
