National exports poised to grow 5% annually over five-year period

Furthermore, import growth during the reviewed period is set to enjoy a surge of 4.9% each year to reach approximately US$330 billion by 2025. Indeed, the pace of development for local businesses is expected to stand at 6%.

In line with the plan, the industrial sector will hold more than 35% of national gross product, while the commercial sector will likely make up 13.5% by 2025.

Moreover, total revenue of the retail sales of goods and consumer services is likely to witness an annual increase of between 9% and 9.5%.

It is hoped that this step will serve to increase economic restructuring in combination with a growth model reform, while also improving productivity, quality, efficiency, and competitiveness.

Simultaneously, the ministry will be comprehensively developing infrastructure, mobilising additional investments, and effectively utilizing them as a means of improving the quality and efficiency of human resources whilst increasing innovations