Hydrocarbons are not the only underground resource to yield billions of dollars of profit in Saudi Arabia. The mining of metallic ores, phosphates, bauxite and construction materials is an area of growth that the government hopes will become the third pillar of the economy, after oil and petrochemicals. Indeed, Saudi Arabia encompasses geologically diverse areas that contain a wealth of resources...
Saudi Arabia Industry
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Rising competition and the threat of higher costs at home could see Saudi Arabia’s petrochemicals industry come under increased pressure. However, these impending challenges have so far failed to slow the progress of new projects being rolled out across the Kingdom.
Economic update | Saudi Arabia: Drive time
26 Jul 2013
Plans to roll out full car production in Saudi Arabia, part of a broader programme to expand the kingdom’s industrial base, appear set to pick up a gear, with one of the world’s best known marques moving to establish a local manufacturing facility at a time when sales of imported vehicles are rising.
Articles & Analysis | Women in the workplace: Blending traditional values with a modern work environment from The Report: Saudi Arabia 2013
In an effort to enable female workers to play a greater role in the economy, the Saudi Industrial Property Authority (MODON) announced in mid-2012 that it had begun to plan an industrial city that would make special provisions for women. Situated at Al Ahsa, near the eastern city of Hofuf, the industrial city will be near enough...
Articles & Analysis | Revving up: Bringing the automotive value chain home from The Report: Saudi Arabia 2013
Of all the industries currently being prioritised by the Saudi government, perhaps the most eye-catching is automotive manufacturing. Over the next couple of decades, the government is looking to create – almost from scratch – an industry that encompasses cars, trucks and buses. By as early as 2025, the hope is that 600,000...
Articles & Analysis | Manufacturing diversification: The government is supporting activity across a wide range of sectors from The Report: Saudi Arabia 2013
With plans in the works to inject significant investment into expanding its output of metals, petrochemicals and plastics over the next several years, Saudi Arabia continues to dominate the region’s industrial activity. This should keep the Kingdom at the forefront of the world’s industrial exporters, at a time when global...