In what ways are modern technologies such as artificial intelligence improving productivity within manufacturing plants and smart cities?
In what ways are modern technologies such as artificial intelligence improving productivity within manufacturing plants and smart cities?
Saudi Arabia is making efforts to consolidate and expand its petrochemicals industry through a series of new mergers and partnership deals. By far the biggest development in the sector was the finalisation of an agreement in March 2020 for the purchase by Saudi Aramco of a 70% stake in SABIC. The proceeds from the deal, which stand at $69bn,...
The Saudi Industrial Development Fund (SIDF) was formed in 1974 and has played a key role in supporting the Kingdom’s industrial development, providing soft loans that helped the country’s manufacturing pioneers through the hard first years in business and subsequently supported their growth. In January 2019 SIDF’s focus was realigned more...
What are the key priorities of the National Industrial Development and Logistics Programme (NIDLP)?
How can advanced technologies facilitate the development of high-value-added industries?
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...
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