Non-oil exports are considered one of the key pillars of Vision 2030, and consequently the Saudi Leadership has issued a Royal Decree approving the Private Sector Stimulus (PSS) Package, thereby approving Five Billion Saudi Riyals as capital for the PSS Export Financing initiative, as part of the Capital of the Saudi EXIM Bank. Saudi Export Development Authority (Saudi Exports) is currently working on setting-up the Saudi EXIM Bank, which will hopefully be ready for launch in the fourth quarter of 2019 and will then be able to deliver a comprehensive set of products and services to Saudi exporters.

The Export Promotion Incentives Program – launched by the Saudi Exports Development Authority – aims at supporting and encouraging Saudi businesses to enter and develop export markets. The program consists of nine WTO-compliant incentives that cover eligible costs incurred by Saudi companies at different stages of their export-related activities. The incentives are designed to assist Saudi businesses in building their capabilities, improving their competitiveness, and expanding their global reach. The program constitutes one of several Vision 2030 and Saudi Exports Development Authority initiatives that allow Saudi Arabia to leverage its unique position to raise the share of non-oil exports in non-oil GDP from 16% to 50%.