Industry

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...

Saudi Arabia is set to establish its first fully integrated, modular facility for manufacturing advanced therapy medicinal products (ATMPs), according to information shared at the BIO International Convention 2025 in Boston. The initiative is a collaboration between King Faisal Specialist Hospital & Research Centre (KFSHRC) and Germfree Laboratories, LLC. The new campus will be located within KFSHRC in Riyadh and...

Nemetschek Group has entered into a Memorandum of Understanding with Nesma Infrastructure & Technology, a Saudi Arabian firm, to advance digital transformation in the construction and infrastructure sector. This collaboration aligns with Saudi Arabia’s Vision 2030, aiming to modernize project workflows, promote sustainability, and integrate advanced technologies in the AEC/O industry, according to statements from the companies. The agreement focuses...

Professional Medical Expertise Company (ProMedEx) has entered into a preliminary agreement with Zhende Medical Company, listed on the Shenzhen Stock Exchange, and MedSurg FZ to establish a joint venture in Saudi Arabia. According to a statement released to the Saudi stock exchange, the new partnership will focus on manufacturing medical supplies for the Gulf Cooperation Council and Middle Eastern markets....

KoçDigital has joined forces with Saudi Arabia’s Vision 2030, supporting the nation’s push for advanced manufacturing and digital transformation. The company played a key role at the launch of the Advanced Manufacturing and Production Center (AMPC) in Riyadh, a major initiative aimed at elevating Saudi Arabia to a leading position in global manufacturing, according to B2Press BV. The event, hosted...

Saudi Minister of Industry and Mineral Resources His Excellency Bandar Alkhorayef recently wrapped up a three-day visit to France, focusing on deepening cooperation in mining, critical minerals, aerospace, and manufacturing. According to the Saudi Press Agency, His Excellency Bandar Alkhorayef held meetings with top French officials and executives from companies such as Airbus, Safran, and Orano Mining, with the aim...