Competitiveness Program for Improving Energy Price Initiative

Designing and implementing an integrated program to enhance the competitiveness of vital economic sectors, such as industrial, agricultural and logistical, as well as stimulating promising strategic industries targeted by Saudi Arabia. To enable local industries for consumption and high-efficiency products through developing an implementation plan for support facilities of the targeted economic sectors program. To provide financial solutions (loan support and lending) to factories and facilities to improve the operational efficiency, and developing alternative operational solutions, such as shifting from consuming liquid fuels to more efficient fuels to reduce the effects of the price adjustment of energy and water products. To increase the efficiency of workforce and operating efficiency to maintain the sustainability of facilities competitiveness of the targeted economic sectors.

Raising the competitiveness of the energy sector

1. A plan for support program of facilities of the targeted economic sectors.

2. Finding financial solutions (loan support and lending) to facilities and factories to improve the operational efficiency of the targeted economic sectors with at least 15 billion.

3. Supporting consumption factory products with at least 3 billion; especially related to the aerodynamic parts of trucks to reduce fuel consumption.