Industry is widely regarded as a promising area for business growth that can provide additional private sector employment for citizens in the decades...
Saudi Arabia Industry
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The government is moving at pace to expand energy and water output to meet growing demand from businesses and individual consumers. Saudi Arabia’s ambitious plans to upgrade its utilities networks, while aligning more closely to market prices, make the Kingdom an increasingly attractive proposition for investors. There is an established framework for private participation and a track record of...
Saudi Arabia’s decision to weaken the link between hydrocarbons and economic growth, and pursue a policy of diversification has seen a wide range of projects come to fruition in the last several years. While at present the Covid-19 pandemic and the unprecedented plunge in oil prices are causing significant short-term uncertainty, the reforms that have been put in place in recent years should stand the Kingdom in good stead over the longer term.
Articles & Analysis | Leveraging the Fourth Industrial Revolution's impact on Saudi industry from The Report: Saudi Arabia 2019
The 4IR has been described as a SR1trn ($266.6bn) opportunity for Saudi Arabia, but experts are warning that the Kingdom’s industries will have to adapt rapidly if they are to make the most of it by 2030. Following on from mechanisation, mass production and digitisation of production, the next step change in industrial development will be to...
Interviews & Viewpoints | Khalid Al Salem, Director-General, Saudi Authority for Industrial Cities and Technology Zones (MODON): Interview from The Report: Saudi Arabia 2019
Articles & Analysis | Increased metals production capacity in Saudi Arabia ties in with steadily rising demand from The Report: Saudi Arabia 2019
Ambitious plans to develop and expand automotive manufacturing are being drawn up, with a view to capitalising on the increasing availability of raw materials and a strong domestic market for cars and trucks. In August 2018 the Ministry of Energy, Industry and Mineral Resources (MEIM) announced that the Kingdom “is currently developing a city...