Industry
Both countries committed to enhancing strategic autonomy in raw material sector
Kingdom seeks to become global leader in aluminum production
Kingdom to host the Future Minerals Forum in January, 2024
PIF contemplates $3 bn purchase of Shanghai-based Human Horizons
Industrial establishments up by 50 percent since the launch of Vision 2030
Mining industry also a pilar for economic diversification
The total investment value for licenses issued in June amounts to SR1.8 billion
Topped by food processing with 9 licenses
Number of factories with foreign investment in the Kingdom reached 930
Lucid's Jeddah plant construction continues
Savvy focused on asserting itself as a publisher and developer
Show to achieve localization of 50% of expenditure on equipment
Kingdom to produce 9 million tons of phosphate fertilizers annually
As part of the country’s Vision 2030 plans
"Saudi priorities include localizing steel products of all types"
Existing, under-construction factories in Saudi reached 10,685 in July
Saudi contracting firm number reached 165K
Expenditure on cars in Saudi reached SAR 40bn in 2020
Lucid to produce 150, 000 cars per year in Saudi by 2027
Electromin rolls out 100 charging stations for EVs across Saudi
It seeks to boost annual coffee beans production from 300 to 2,500 tons
Saudi attracts investments worth $32 billion through 9 new projects
