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00:00 The industrial sector is one of the main sectors that Saudi Arabia is working on developing.
00:06 In the past five years, the number of Saudi factories has increased from 8,800 to more than 12,000.
00:16 The government has focused on increasing local content by 50% in many fields.
00:23 The industrial activity is its predominance.
00:27 We are asking for a high standard for our products.
00:34 We have a high standard as Saudi manufacturers.
00:37 On the contrary, we are afraid of people who make products that are less than the standard we know.
00:45 As a Saudi manufacturer, we are always keen on quality and reputation.
00:51 We are afraid of people who make products that are not only Saudi but also Saudi Arabia's.
01:02 This place is a platform for manufacturing companies in the Kingdom and foreign companies
01:09 as well as companies that provide services to the industrial sector in the Kingdom.
01:14 The Kingdom is working to support the industrial sector which contributes to meet the local needs of many products.
01:21 Its activity also contributes to the movement of many sectors, including the recycling sector.
01:28 It is a sector that is estimated in Saudi Arabia to be worth 2.5 trillion dollars.
01:35 The investment in the industrial sector is excellent.
01:38 It contributes to the existence of government initiatives, such as reducing the number of workers,
01:46 and to the easy lending.
01:49 In addition to the existing trade agreements between the Ministry of Industry, the Ministry of Energy and the Ministry of Trade,
01:57 it also contributes to the reduction of taxes on Saudi products to open export markets in various countries.
02:04 The Kingdom continues to support the industrial sector, although this sector is under great international pressure.
02:11 Recently, the Saudi Statistics Agency announced that the annual average number of industrial production in the Kingdom
02:18 recorded a decrease in March 2024, by 8.7%, compared to the same period in 2023,
02:31 which is a sign of the decline of the recycling sector.
02:36 (speaking in foreign language)