Industry

Saudi Arabia has experienced a dramatic rise in mega-projects, increasing by 643 percent since 2010—from 64 to 476 projects by 2025—according to a report from UK-based consultancy Mace. This growth places the Kingdom among the top three countries globally for large-scale developments. The report, titled The Future of Major Programme Delivery, defines mega-projects as those valued at $1 billion or...

Saudi Arabia’s Capital Market Authority (CMA) has introduced new regulatory changes to boost the investment fund sector, according to the Saudi Gazette. The updates cover investment fund regulations, real estate investment fund rules, and related definitions. These changes are designed to strengthen the asset management industry, align with global standards, and improve investor protection. Key enhancements include expanding the range...

Nokia, in partnership with the Communications, Space & Technology Commission (CST) of Saudi Arabia, ACES NH, Mobily, and Zain Saudi, has successfully completed the Kingdom’s first pilot of 5G Standalone (5G SA) indoor coverage using shared spectrum in the 4.0-4.1 GHz band. This approach enables high-speed 5G inside offices, hotels, and public spaces regardless of the customer’s mobile operator, according...

Saudi Arabia’s Minister of Industry and Mineral Resources, His Excellency Bandar Alkhorayef, held talks in Moscow with Mr. Anton Alikhanov, Russia’s Minister of Industry and Trade, focusing on expanding collaboration in industrial development, manufacturing, and mining. According to the Saudi Gazette, the two ministers discussed leveraging Russian expertise in sectors such as heavy equipment, agricultural machinery, chemicals, automotive, and advanced...

Cisco has shared new insights on how artificial intelligence and modernized networks are transforming enterprise infrastructure in Saudi Arabia, as revealed in its latest global networking study. With the rapid growth of AI-powered tools, connected devices, and increasing security demands, organizations are rethinking their network strategies to support innovation and business growth. Salman Faqeeh, Managing Director of Cisco in Saudi...

Saudi Arabia’s non-oil private sector saw strong growth in June, supported by increased customer demand and higher production, according to Riyad Bank’s Purchasing Managers’ Index (PMI). The PMI reached 57.2 in June, up from 55.8 in May, marking the highest reading in three months and indicating a robust economic expansion in the sector, as reported by Riyad Bank. New business...

Saudi Arabia is advancing its Vision 2030 goals by pursuing the development of a commercial vehicle manufacturing facility, following a memorandum of understanding between Petromin Corporation, Foton, the Ministry of Investment, and the National Industrial Development Center. This initiative is designed to boost local manufacturing capabilities, reinforce supply chains, and increase the localization of the vehicle sector. Plans include producing...

Kanoo Energy, a division of Yusuf Bin Ahmed Kanoo Company Limited, has confirmed its participation in the Saudi Industry Forum 2025, scheduled from June 23 to 25 at the Dhahran Convention and Exhibition Center. The event, held under the patronage of the Ministry of Industry and Mineral Resources, serves as a major platform to advance industrial innovation and support Saudi...

Saudi Arabia Launches Second Phase of Industrial Incentives Program Saudi Arabia has initiated the second phase of its industrial incentives program to attract high-value investments and enhance the nation's trade balance, according to Khalil Ibn Salamah, His Excellency the Deputy Minister of Industry and Mineral Resources for Industrial Affairs. Announced at the Saudi Industry Forum in Dhahran, this phase is...

Johnson Controls Arabia has entered a strategic partnership with Modern Building Leaders (MBL) to supply and operate an advanced YORK cooling system for the new Ceer electric vehicle manufacturing plant in King Abdullah Economic City, according to Al Hilal Publishing and Marketing Group. This collaboration features the installation of 12 YORK chillers and various cooling units, delivering a total capacity...