In the context of heightened US tariffs on Chinese goods, Saudi Arabia is encouraged to position itself as a manufacturing hub. Analysts suggest that Saudi trade representatives should inquire about the products previously sourced from China to replicate them locally. With lower tariffs compared to China, Vietnam, and Thailand, the Kingdom aims to boost its manufacturing sector, aligning with its Vision 2030 initiative, which emphasizes economic diversification beyond oil. Like the UAE's Operation 300bn, Saudi Arabia is looking to grow its local industries significantly.
"Saudi Arabia should be sending their trade representatives to the Trump administration right now, asking, 'what was China providing you? Tell us what it is and we will make it in Saudi Arabia'."
"Most Gulf states, including Saudi Arabia and the United Arab Emirates, were only landed with 10% tariffs, making them attractive for shifting manufacturing from higher tariff nations."
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