https://arab.news/698cx
RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources issued 37,730 certificates of origin in August, maintaining its strong focus on enhancing the country’s export sector.
This achievement marks the 16th consecutive month with certificate issuances exceeding 30,000, following July’s total of 40,588 and June’s 31,887.
These certificates play a vital role in confirming that exported goods are either of Saudi origin or have attained national origin status, thereby facilitating smoother international trade.
By streamlining the issuance process, the ministry seeks to boost the competitiveness of the Kingdom’s exports in international markets, strengthen trade relationships, and promote broader economic growth.
To accommodate the diverse needs of exporters, the certificates are offered in four distinct formats. One format is specifically designed for national products traded within Gulf Cooperation Council countries, facilitating regional commerce.
Another format caters to exports to Arab nations. Additionally, a preferential certificate is available for trade with countries that have free trade agreements with the GCC.
For exports to countries without preferential treatment, a general certificate is provided in both Arabic and English to ensure accessibility.
The enhanced ease of exporting goods bolsters the diversification of Saudi Arabia’s economy and reduces its reliance on oil revenues. This effort aligns with the Kingdom’s broader economic objectives outlined in Vision 2030, which focus on fostering sustainable, long-term growth through the expansion of non-oil sectors. Recently, Saudi Arabia has introduced several key initiatives designed to strengthen its export capabilities, particularly for non-oil products, as part of its broader diversification strategy.
A key initiative in this effort is the “Made in Saudi” program, spearheaded by the Saudi Export Development Authority. This initiative promotes locally manufactured goods on the international stage by helping companies secure the “Saudi Made” brand.
This branding not only increases the visibility of Saudi products in global markets but also emphasizes quality and credibility, thereby enhancing their competitiveness abroad.
SEDA has also launched several trade missions to bolster international trade relationships. In 2024, Saudi delegations took part in prominent global exhibitions, including the Big 5 Construct Egypt and events in India, where they highlighted Saudi non-oil exports.
These missions facilitate connections between Saudi exporters and international buyers, expanding market access for national products. Such efforts underscore the Kingdom’s strategic goal of increasing non-oil exports to 50 percent of gross domestic product, diversifying its economy, and diminishing its reliance on oil revenues.