RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources processed 1,318 applications for industrial customs exemption services during December.
This is part of the ministry’s efforts to encourage local industry and enhance its global competitiveness by granting national industrial establishments exemptions from customs duties on their imports of industrial inputs.
The official spokesperson for the institution, Jarrah Al-Jarrah, explained that the customs exemption applications processed by the ministry included 7,645 items for raw materials and 14,156 items for machinery, equipment, and spare parts.
He noted that the customs exemption service is part of a package of incentives, enablers, and services provided by the industry and mining system to facilitate the industrial investor’s journey through all stages of their project, from ideation to implementation, production, and export.
Al-Jarrah pointed out that the industrial customs exemption service aligns with the objectives of the National Industrial Strategy to empower and develop the Saudi industrial sector.
