Saudi Arabia Industry

Officials are looking at a 2014 start date for a major new mining venture, with plans moving forward for the Kingdom to cooperate with Sudan to exploit deposits deep beneath the Red Sea.

Steel producers in Saudi Arabia are set for a busy few years, with growth in the industry driven by rising demand due to state-backed investments and increasing activity in the private sector. However, even with additional capacity, the sector is working to bridge the supply gap.

Saudi Arabia’s petrochemicals industry is about to get a massive boost, with a new $20bn plant in the works and extensive state spending on infrastructure set to further improve the nation’s logistics backbone. Before the full benefits are realised, however, the sector may have to endure a down period as the recovery of the global economy continues to falter.