Aluminium has not been smelted in Saudi Arabia previously, but the Kingdom is now entering a market neighbouring countries have been active in for some time. A $10.8bn integrated aluminium complex is under development by a joint venture formed in 2009 between Ma’aden and the US’s Alcoa. The complex’s smelter is due to begin...
Saudi Arabia Industry
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Articles & Analysis | Key components: Dipping into aluminium smelting to add value from The Report: Saudi Arabia 2013
Interviews & Viewpoints | OBG talks to Hussein A Al Athel, Secretary-General, Riyadh Chamber of Commerce and Industry from The Report: Saudi Arabia 2013
How would you assess the success of the government’s efforts towards industrial diversification?
Articles & Analysis | A regional steel hub: The industry is expanding rapidly to meet rising demand from The Report: Saudi Arabia 2013
Steel producers in the Kingdom have good reason to feel bullish about the sector. According to a September 2012 report by RNCOS, an industry research firm, growth in local steel consumption exceeded 10% in 2011, while between 2012 and 2015 growth is expected to accelerate to a compound annual 19.5%. The potential for growth in...
Articles & Analysis | A broader offering: Diversification into a range of petrochemical products and feedstocks from The Report: Saudi Arabia 2013
Petrochemicals and plastics remain at the vanguard of Saudi Arabia’s push to diversify its economy away from reliance on oil. Products in these segments make up the bulk of the Kingdom’s non-oil exports, with petrochemicals accounting for nearly 37% and plastics around 30%, according to figures from the Central Department for...
Articles & Analysis | Attracting attention: Developing the domestic pharmaceuticals industry from The Report: Saudi Arabia 2013
As growth in pharmaceuticals demand is flagging across much of the developed world, international players are casting about for new lands of opportunity. Saudi Arabia is likely to attract considerable attention. While the Kingdom’s market is not growing at the rates seen in countries such as China, India and Brazil, it has been...
With plans in the pipeline 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 economic uncertainties are subduing demand for many commodities. As for...