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FINANCIAL NEWS
Saudi industrial exports up 20 percent annually
06 Apr 2014
(MENAFN) Director General of Saudi Industrial Development Fund (SIDF) Ali Al-Ayed said that Saudi exported as much as USD43.18 billion worth of industrial exports in 2012 compared to USD29.32 million posted in 1974, according to Arab News.
Al-Ayed said that Saudi industrial exports averaged 20 percent growth each year since 1974.
The information was revealed in the GCC industrial event in Oman held on March 30-31 and was themed “Industrial exports: prospects and challenges.”
Plastic and chemical products accounted for 77 percent of the total industrial exports in that year, followed by food products at 8 percent, base metals at 6 percent, and electric devices and equipment at 2 percent.
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