Increased investment in Saudi Arabia’s mining sector looks set to lift its GDP contribution significantly in the coming years, as part of an accelerating push to diversify the economy under the Vision 2030 development plan.
Saudi Arabia Industry
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Articles & Analysis | Large-scale infrastructure projects have helped Saudi Arabia's industrial sector weather a drop in global steel prices from The Report: Saudi Arabia 2016
Saudi Arabia’s metals industry is currently going through significant upheaval. While aluminium production has been growing since the first bauxite was successfully mined from the Kingdom’s Al Ba’itha mine in May 2014, steel production has dropped amid declining prices. Nonetheless, with so many large-scale infrastructure projects ongoing in...
Articles & Analysis | Saudi Arabia's industrial sector sees an opportunity to diversify offering as government cuts energy subsidies from The Report: Saudi Arabia 2016
Following a decline in global oil prices for more than a year and a half, in December 2015 the Saudi government announced domestic energy prices would rise overnight. On December 29, 2015 the price of petrol rose from SR0.60 ($0.16) per litre to SR0.90 ($0.24) for Octane 95, while 91-grade rose by more than 65%, from SR0.45 ($0.12) to SR0.75...
Articles & Analysis | Saudi Arabia's mining sector poised for serious expansion from The Report: Saudi Arabia 2016
Saudi Arabia has put in place ambitious plans to raise the value of its mining operations to reach SR260bn ($69.3bn) by 2030. Currently, the direct and indirect contribution of the sector to the Kingdom’s GDP is estimated to be around SR80bn ($21.3bn), with the sector accounting for 265,000 jobs, according to a speech made by Ali Al Naimi,...
Interviews & Viewpoints | Ghassan Al Shibl, Senior Advisor to the Board of Directors and Former CEO, Advanced Electronics Company: Interview from The Report: Saudi Arabia 2016
With the third-highest defence budget worldwide, how far can Saudi Arabia localise spending?
Articles & Analysis | A changing marketplace finds Saudi Arabia developing speciality industrial products from The Report: Saudi Arabia 2016
Saudi Arabia has long been reliant on the upstream petrochemicals industry, but the Kingdom is accelerating efforts to diversify its economy and has some clear sector-specific industries it is looking to develop. Plastics, fertilisers, mining and metals are particularly attractive, and a strong push is likely to come in the near future in the...