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...
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 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....
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