Industry

Saudi, Italy eye Investments in automotive, mining, and oil sectors

Both countries committed to enhancing strategic autonomy in raw material sector

Saudi Arabia invests $12 billion in metal production

Kingdom seeks to become global leader in aluminum production

Saudi raises mining sector’s GDP contribution target to $80 bn

Kingdom to host the Future Minerals Forum in January, 2024

Saudi explores potential $250 mn investment in Chinese automotive market

PIF contemplates $3 bn purchase of Shanghai-based Human Horizons

Saudi industrial sector’s success increased GDP by SAR340 billion

Industrial establishments up by 50 percent since the launch of Vision 2030

Saudi is manufacturing its future with industry 4.0

Mining industry also a pilar for economic diversification

Saudi Arabia issues 73 industrial licenses in June

The total investment value for licenses issued in June amounts to SR1.8 billion

Saudi grants 53 new industrial licenses in 7 activities

Topped by food processing with 9 licenses

Foreign, joint investments in Saudi industry surpass SAR542 bn

Number of factories with foreign investment in the Kingdom reached 930

Saudi planning to pump $38 bn into video games sector

Savvy focused on asserting itself as a publisher and developer

World Defense Show to return for a second edition in Saudi

Show to achieve localization of 50% of expenditure on equipment

Saudi Arabia signals Phosphate mining focus as it looks to diversify

Kingdom to produce 9 million tons of phosphate fertilizers annually

Saudi announces 3 projects in iron, steel sector worth $9 bn

"Saudi priorities include localizing steel products of all types"

Saudi issues 30 new industrial licences worth SAR 973 mn in July

Existing, under-construction factories in Saudi reached 10,685 in July

Saudi to manufacture over 300,000 cars per year by 2030

Expenditure on cars in Saudi reached SAR 40bn in 2020

Lucid secures $3.4bn to set up first EV factory in Saudi

Lucid to produce 150, 000 cars per year in Saudi by 2027

EV sales in Saudi will reach 1.3 million by 2030

Electromin rolls out 100 charging stations for EVs across Saudi

Saudi’s PIF invests 1.2 billion riyals in the coffee industry

It seeks to boost annual coffee beans production from 300 to 2,500 tons

Huge investments reinforces Saudi’s position as a regional mining hub

Saudi attracts investments worth $32 billion through 9 new projects

Saudi industrial activity witnesses remarkable rise

Number of factories in Saudi exceeded 10,000 factories