The Ministry of Industry in Saudi Arabia has introduced a platform for the procurement of petrochemical raw materials

Saudi Arabia's Industry and Mineral Resources Ministry has taken a step towards enhancing the efficiency of the petrochemical supply chain. They have recently launched an industrial platform to facilitate manufacturers in acquiring petrochemical raw materials with ease. The goal of this initiative is to speed up the integration of supply chains, increase the production capacity of manufacturing plants, and encourage investment in the sector.

The Petrochemical Supply Chains Integration Committee underscores the importance of matching the availability of petrochemical materials with the needs of the manufacturing industry. This will ensure that the manufacturing industry in the Kingdom benefits from the competitive advantage directed to the petrochemical sector. The service aims to strengthen the sector by providing integration of the petrochemical sector's supply chains, which will ultimately lead to economic growth.

Jarrah Al-Jarrah, the ministry's spokesperson, expressed that this industrial platform will automate the mechanism for requesting support in purchasing petrochemical raw materials and address the challenges faced by relevant authorities. This platform will also provide transparency and enhance the ease of doing business in the Kingdom.

In line with its Vision 2030 strategy, Saudi Arabia is aiming to become a hub for global manufacturing. As per the minister of Industry and Mineral Resources, Bandar Alkhorayef, their strategic location, access to markets and natural resources, and talented workforce will make them a serious player in attracting investments in manufacturing. This initiative will provide a significant boost to the manufacturing industry in the Kingdom, and it is expected to create numerous job opportunities, increase exports, and promote economic development.

According to Procurement Resource, Saudi Arabia's Ministry has introduced a platform for acquiring petrochemical raw materials. The goal is to establish itself as a global manufacturing centre, and this platform will guarantee the accessibility of petrochemical supplies to meet the demands of the manufacturing sector.