Arab News, Thursday, Aug 19, 2021 | Muharram 10, 1443
Saudi Exports Development Authority pushes local companies to bid in international tenders
Saudi Arabia:
The Saudi Exports Development
Authority (SEDA) will identify over 120 international tendering opportunities in
a number of target countries, mainly covering construction and industrial
supplies and infrastructure projects, SPA reported.
This comes in efforts to implement the Kingdom's
vision 2030 goals of increasing the share of non-oil exports from 16 percent to
50 percent of the total non-oil GDP.
Saudi Exports launched the international tendering
service to open new opportunities for national companies to expand in
international markets and increase their competitiveness, through allowing them
to export services and products via international tenders in several targeted
sectors.
The international tendering service is an
important step by the Authority to support exporters, increase their
competitiveness level, boost the export percentage of Saudi services, products
and re-exportation, Saudi Exports Secretary-General, Faisal Al-Bedah said.
The service includes eight targeted sectors and 24
sub-branches, where Saudi Exports will provide periodic reports with data and
analyses for the most important projects in targeted countries.
In other efforts to increase non-oil exports, the
Saudi Export-Import Bank (EXIM) on Tuesday signed a memorandum of understanding
(MoU) with the Federation of Saudi Chambers (FSC) to provide non-oil exporters
SR9 billion ($2.3 billion), FCS said in an emailed statement.
The MoU signed with EXIM seeks to support efforts
in increasing non-oil exports and provide credit solutions to the business
community to improve the competitiveness of the Saudi products, FSC President
Ajlan bin Abdulaziz Al-Ajlan said.