Economy

Al-Mazroua leading NIDLP to transform KSA into industrial powerhouse

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Wed, 2022-03-02 21:52

RIYADH: Suliman Al-Mazroua has been CEO of Saudi Arabia’s National Industrial Development and Logistics Program since September 2019.

Al-Mazroua leads the NIDLP’s objective to “transform the Kingdom into a leading industrial powerhouse and a global logistics hub by maximizing the value of its mining and energy sectors while unlocking the full potential of local content and the 4th Industrial Revolution” as a key facet of Saudi Arabia’s Vision 2030 reform program.

NIDLP promotes the economic diversification of the Kingdom towards more sustainable growth by nurturing an attractive commercial environment for both local and international investment.

Al-Mazroua obtained a bachelor’s degree in systems engineering in 2001 from the King Fahd University of Petroleum and Minerals.

He joined Saudi Aramco in 2001 and remained there on and off, in various engineering and supervisory roles, until July 2017. In the meantime, he completed his MBA in 2007 from the University of Hull, UK. 

Al-Mazroua was appointed executive director of Saudi Arabia’s Delivery and Rapid Intervention Center in July 2017. The DRIC is related to Saudi Arabia’s Ministry of Economy and Planning and is responsible for following up implementation of priority initiatives with great economic and developmental value.

He became director general of the DRIC in October 2018 and remained in that post until February 2019.

Al-Mazroua joined the NIDLP as executive vice-president in February 2019 and was named CEO in September of the same year.

“Overall, by 2030, NIDLP targets to add some $453 billion in private sector investment, contribute $320 billion to GDP, add 1.6 million new jobs, and generate $266 billion growth in exports and re-exports,” Al-Mazroua said in an interview with investment analysis portal The Business Year.

Main category: 
Business & Economy
Tags: 
National Industrial Development and Logistics Program (NIDLP)
Suliman Al-Mazroua
Industrial powerhouse

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