What makes the Kingdom’s mining sector attractive to local and foreign investors?
Economic planners in Saudi Arabia are working to nurture industrial growth by identifying sectors with high potential and developing clusters of companies and expertise within them. The National Industrial Clusters Development Programme (NICDP) has been established under the supervision of the Ministry of Commerce and Investment (MoCI), and the...
Saudi Arabia’s efforts to alter its energy mix should see major investments in renewable sources. At the forefront of recent moves in the sector are solar and wind projects, with Khalid Al Falih, minister of energy, industry and mineral resources, announcing in early 2017 that at least 10 GW would be generated from both energy sources by 2023...
Looking forward to 2032, the King Abdullah City for Atomic and Renewable Energy (KACARE) estimates that 13-14% of Saudi Arabia’s power will be generated by nuclear reactors, and an eventual goal has been set of supplying 17.6 GW of power to the national grid. In addition, the Kingdom hopes that this investment will not only help meet growing...
With the creation of a new defence holding company and clauses requiring that local manufacturing and job creation be written into new contracts with international suppliers, the Kingdom’s aerospace, defence and security sector is primed for growth. The defence and security market in Saudi Arabia is among the most lucrative in the world, as exemplified by the more than $110bn worth of defence...
These are crucial times for Saudi Arabia’s power and water sectors as both move through a process of major reform. Privatisation is at a more advanced stage in water than in power, but the next few years should see substantial change in both markets, providing significant opportunities for investors. Projects that use a wider range of energy sources are also in the planning and development...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×