Industry
Strategic Initiative announced at Future Minerals Forum 2024
Sees 58 percent surge in factory growth
A significant increase from the previous estimate of $1.3 trn in 2016
Vision 2030 aims to diversify income sources, strengthening mining in Saudi economy
Saudi Arabia takes the lead in charting the course for sustainable mineral supply chains
Industrial investments in large-scale facilities amounts SAR975 billion
Partners with state-owned companies to boost economic growth
Saudi Arabia's clear future directions for developing the industrial sector
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
