Guided by the Vision 2030 strategy for diversification, rapid advancements are being made in Saudi industry, mining, logistics and renewable energy.
Saudi Arabia Industry
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Economic update | Report: Can heavy industry support Saudi Arabia’s sustainability ambitions?
26 Nov 2021
COP26 has focused the world’s attention on the need for a more sustainable economic model that ensures profits and growth are not achieved at the expense of ecological health and social well-being.
Efforts to encourage greater private sector participation have coincided with strong growth in Saudi Arabia’s mining sector, a key part of the country’s diversification strategy and a prominent driver of broader economic expansion.
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.