Industry

In a detailed conversation with Phil Daniell, Honeywell's vice president and general manager of Building Automation for the Middle East, Turkey, and Africa, we explored the company's aggressive expansion plans in Saudi Arabia, including the unveiling of a new facility in Dhahran. Daniell offered insights into Honeywell's strategic view of Saudi Arabia as a central market in its global plans,...

The Saudi Arabian Ministry of Industry and Mineral Resources has significantly expanded its national list of mandatory products, with over 200 additions. This expansion includes the localization of vaccine and biological drug production tailored to around 214 essential treatments.Moreover, the integration of more than 2,000 domestic factories with colossal undertakings such as NEOM, ROSHN, and the Diriyah Gate Development Authority...

The Saudi Arabian and Turkish governments are actively seeking to fortify their relationship within the realms of industry and mining. The Deputy Minister of Industry and Mineral Resources for Industry Affairs, Khalil Ibrahim Ibn Salamah, has been at the forefront of these dialogues during his trip to Türkiye, accompanied by key figures from the Saudi private sector.Throughout the visit, the...

The Public Investment Fund (PIF) of Saudi Arabia has revealed the signing of three vital partnerships aimed at boosting the domestic manufacturing of solar and wind energy components. These initiatives underscore the kingdom's commitment to fulfilling its energy requirements and solidifying its foothold in the realm of renewable energy.These strategic collaborations are established through the Renewable Energy Localization Company (RELC),...

An initiative led by the Private Sector Partnership Reinforcement Program, known as Shareek, orchestrated a pivotal Industrial Strategic Workshop this past Monday. The event was orchestrated to bolster the capabilities of significant players in the industrial realm.Notables including Khalid bin Abdulaziz Al-Falih, Minister of Industry and Mineral Resources, and Bandar bin Ibrahim Alkhorayef, alongside various industry chiefs, were in attendance.The...

A strategic session named the Industrial Strategic Workshop was recently convened, aimed at bolstering major industrial corporations. The workshop saw the participation of notable figures such as the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, and the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, alongside leaders of prominent industrial companies.Alkhorayef highlighted the pivotal role of the...

In a move designed to bolster the attractiveness of the Kingdom for business, Saudia Group has entered into a partnership with the Ministry of Investment by signing a Memorandum of Understanding (MoU). This strategic alliance will offer a robust package of benefits for prominent investors and senior executives of multinational corporations considering setting up operations in Saudi Arabia. The pact,...

The Ministry of Investment in Saudi Arabia has recently taken a step to improve investor relations by entering into a memorandum of understanding (MoU) with the national airline, Saudia Group. This move is designed to boost the Kingdom's appeal as a prime investment locale and create an environment that is conducive to business expansion. Top executives from both organizations, Khaled...

The National Additive Manufacturing & Innovation Company (NAMI), based in Saudi Arabia, has expanded its technological capabilities with the acquisition of multiple advanced 3D printing systems from 3D Systems. This move is part of a collaborative effort with the Saudi Electricity Company (SEC), aiming to establish a localized supply chain for essential spare parts. NAMI, a collaborative venture between 3D...

Olive Rock Partners, a distinguished private equity firm in the region, is excited to declare a key investment in the evolving field of corporate training and educational technology (EdTech). By acquiring a substantial ownership in LEORON Institute, the firm is set to boost LEORON's expansion across the GCC and surrounding areas. With its headquarters in Saudi Arabia, LEORON stands as...