A key objective in Saudi Arabia’s Vision 2030 national development strategy is the creation of a sustainable, competitive and diversified manufacturing ecosystem driven by private sector activity. The achievement of this objective is underpinned by the National Industrial Strategy (NIS), which outlines a programme to boost domestic...
Saudi Arabia has significant potential in renewable energy, and has worked in recent years to harness the power of the sun and wind to generate electricity. These efforts are not only environmentally friendly, but they also preserve valuable supplies of oil and gas that can instead be converted into value-added products or exported abroad....
Saudi Arabia’s utilities sector will undergo significant changes in the coming years as the country works to reduce the number of barrels of oil it burns to create electricity, as well as the amount of drinking water it consumes. Beyond that, the sector is shifting amid subsidy reforms, the gradual privatisation of public assets, improvements...
The industrial sector in Saudi Arabia is widely regarded as a promising area for business growth that can provide additional private sector employment for citizens in the decades ahead. The Kingdom has also recognised that a formula based on the inputs of plentiful crude oil and inexpensive foreign labour alone will not create enough...
Saudi Arabia’s government has indicated it wants to raise as much as $200bn through the privatisation of state-owned assets, with one of its largest desalination plants among the first targets for disposal. The Ras Al Khair cogeneration plant has the capacity to produce more than 1m cu metres of desalinated water daily, and in 2018 the...
In July 2019 Qatargas announced it delivered its 3000th liquefied natural gas (LNG) shipment to Japan since Qatar’s first delivery of the resource in early 1997. In the interim years, Qatar has become the world’s largest LNG producer in the world, producing 77m tonnes a year. According to BP’s “Statistical Review of World Energy 2019”, Qatar...
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