Government initiatives to strengthen Côte d’Ivoire’s industrial base have continued to yield results. Following the August 2018 implementation of the new Investment Code, which was modified one year later, companies operating in agro-industry – one of the main pillars of the industrial sector – have invested hundreds of millions of dollars in...
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...
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,...
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...
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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