We are excited to announce that we have been recognized as an official trusted partner in the National Industrial Development and Logistics Program (NIDLP) in Saudi Arabia. Launched in 2019, the NIDLP is an initiative to make Saudi Arabia a global powerhouse in the energy, mining, logistics, and industry sectors. It also focuses on creating high-quality jobs and ensuring sustainable growth for future generations. NIDLP Trusted Partners support the kingdom’s efforts to boost private investments in the sector.
Industrial Development and Logistics
Net-Zero Goal
Saudi Arabia is moving towards a green era, investing heavily in renewable energy solutions like wind and solar. The NIDLP is at the forefront of promoting clean energy and a low-carbon future, in line with the nation’s commitment to achieving net-zero emissions by 2060.
Mining
With mineral reserves valued at $1.3 trillion, Saudi Arabia is emerging as a key player in the global mining industry. The NIDLP is spearheading advancements in industry regulations, positioning the kingdom as a global mining leader.
Logistics
Leveraging its strategic advantage as the crossroads of three continents, the NIDLP is unlocking Saudi Arabia’s potential as a global logistics hub with high efficiency, quality, and speed.
Industrial Infrastructure
Industrial As part of the Strategy for Industry, the NIDLP actively supports the growth of Saudi Arabia’s premier industrial infrastructure. Initiatives like „Made in Saudi“ aim to enhance local content in both oil and non-oil sectors, paving the way for the Fourth Industrial Revolution and the incorporation of cutting-edge technologies.
Promoting Private Sector Participation
The partnership plan of the NIDLP is committed to fostering an attractive investment environment through legal reforms and transparent communication channels. It consists of three pillars:
- Promoting private sector participation
- Fostering an engaging investment environment
- Protecting the local market and supporting global access
NIDLP is taking progressive steps to boost non-oil exports. Initiatives include establishing the Saudi EXIM Bank, simplifying export processes, and the „Made in Saudi“ platform to support national products.
NIDLP actively engages with the private sector, analyzes challenges, and implements measures sustainably and effectively. Strategic partnerships and workshops have facilitated a comprehensive analysis of challenges, leading to practical solutions.
In addition, the private partners offer international companies’ decisive advantages: They facilitate their market entry, assess ongoing processes, and advise on Saudi regulations. They are also able to provide valuable networking opportunities within the kingdom.
How TME Legal Consultants can Support Your Business
We are honored and grateful to be part of this transformative journey with NIDLP and look forward to contributing to the continued success of Saudi Arabia’s industrial development and logistics sector.
TME Legal Consultants is a team of 45 legal, tax, accounting, and compliance professionals with over 18 years of experience in the GCC region. Over the past decade, we have advised a significant number of SMEs in relation to business formation and alignment in Saudi Arabia, ensuring that our clients are well oriented in the new and rapidly evolving legal and tax landscape, and reducing the legal liability of managers that can arise in relation to non-compliance.
