All Countries and All Sectors

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,...

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...

As part of the Kingdom’s broader economic diversification strategy, billions of dollars in public and private investments have been allocated to develop the mining industry in recent years. The driving force behind the sector’s expansion is the Saudi Arabian Mining Company (Ma’aden), which is majority owned by the Public Investment Fund (PIF...

Saudi Arabia is not unfamiliar with the idea that if it wants to build a thriving society for generations to come it must not only make the most of its vast hydrocarbon resources, but also look beyond the oil and gas sector to build a multifaceted industrial economy. The launch of Saudi Vision 2030 in April 2016 galvanised the nation with a...

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...