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Shura Council Calls for Increasing Standard Incentives for Industrial Projects

Shura Council Calls for Increasing Standard Incentives for Industrial Projects

The Shura Council has urged the Ministry of Industry and Mineral Resources to increase and diversify the standard incentives for strategic projects. It also called for the development of an emergency plan to ensure the sustainability of the industrial sector during crises. Additionally, the council recommended developing an early warning system based on artificial intelligence to address shipping fluctuations and linking incentives to companies’ disclosure of their export data. The decisions also include improving the measurement of the tourism sector’s performance, strengthening policies governing the research and innovation sector, and focusing on developing digital services in the energy sector, as well as enhancing risk management and data quality within the industrial sector.

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