The goal of IKTVA is to recognize prioritization of domestic value creation. It is designed to drive increased investment, economic diversification, job creation, and workforce development within the Kingdom.
The Novel partnership is specifically committed to supporting Saudi Vision 2030 IKTVA targets and the renaissance of demand for petroleum as a raw material.
Novel Non-Metallic Solutions is taking action to drive additional domestic value creation in support of a rapidly changing Kingdom to foster future prosperity.
- Training and development of local talent.
- Developing a non-metallics supply chain ecosystem.
- Enhancing in-Kingdom manufacturing.
- Building research and development capabilities.
- Expanding the use of the local hydrocarbon value chain.
- Boosting exports to more than 15 countries across the MENA region.
The National and Industrial Development and Logistics Program (NIDLP) of Vision 2030 will transform the Kingdom of Saudi Arabia into a leading industrial powerhouse and a global logistics hub. Novel will contribute to the aim of maximizing the value of the mining and energy sectors. We will also help drive economic diversification by playing our part in delivering sustainable growth through different sectors of economic activity, from manufacturing to mining, construction to the energy sector, and more.
Novel Non-Metallic Solutions’ superior offering – as represented by the future-focused proposition of enablement – places us in a very compelling space to contribute to IKTVA and Saudi Vision 2030 targets.