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.
He emphasized the ministry’s prominent role in stimulating and accelerating the growth of the national industrial base.
The spokesperson further explained that industrial establishments can obtain the customs exemption service quickly through streamlined procedures via the Ministry of Industry and Mineral Resources’ digital platform, Sina’i.
Through this customs exemption service, the ministry aims to support and encourage local factories, develop national production sectors, reduce production costs, and create new industrial opportunities.
The service enables industrial establishments holding an industrial license to obtain customs exemption from duties on their imports of machinery, equipment, and spare parts, as well as raw materials, semi-finished materials, and packaging materials directly required for production.
