Industry

Riyadh – Alat, a pioneering company in global industrial transformation, and Lenovo, a leading technology firm, have officially commenced construction of a new manufacturing facility in Riyadh, Saudi Arabia. The factory, located on a 200,000 sqm site at "Riyadh Integrated," will produce millions of "Saudi Made" laptops, desktops, and servers, adhering to high sustainability standards. The project follows the closing...

TrinaTracker, a subsidiary of Trinasolar Co. Ltd, is set to launch a new manufacturing facility in Saudi Arabia, scheduled to begin operations in early 2025. This initiative underscores the company's commitment to localization and aims to enhance its service capabilities across the Middle East and Africa. The facility, part of an agreement with the Saudi Authority for Industrial Cities and...

Saudi Arabia's Crown Prince Mohammed bin Salman has designated the automotive hub at King Abdullah Economic City as the King Salman Automotive Cluster. This development aims to be a central hub for the automotive industry, hosting headquarters and manufacturing sites for both local and international companies. The cluster will feature prominent brands like Ceer, Saudi Arabia's first electric vehicle brand,...

The Minister of Industry and Mineral Resources, His Excellency Mr. Bandar Ibrahim Alkhorayef, emphasized the strong relationship between Saudi Arabia and India in the mining and manufacturing sectors. This partnership is seen as highly feasible, according to reports from a state-run agency. Speaking to Indian business leaders in Mumbai, H.E. Mr. Alkhorayef noted that Saudi Arabia's initiatives, particularly in the...

Saudi Vitrified Clay Pipes Company has entered into a contract with WeOne General Contracting Company to build a new factory for producing high-density polyethylene corrugated and spiral pipes. The Laffan Pipe Factory is expected to be completed in nine months, according to the company's announcement to the Saudi bourse, Tadawul. This SAR16.6 million ($4.42 million) contract assigns WeOne the tasks...

Saudi Arabia's Industrial Growth Boosted by $3.19 Billion Investment Saudi Arabia's Industrial Development Fund has injected SR12 billion ($3.19 billion) into the industrial sector in 2024, according to Industry Minister Bandar Alkhorayef. This funding is part of an effort to enhance the Kingdom's global competitiveness. During the Budget Forum 2024, Alkhorayef emphasized the importance of financing, licenses, and infrastructure as...

Wolffkran Holding, a prominent name in tower crane design and manufacturing, has formed a strategic alliance with Saudi Arabia's Zamil Group Investment Company. This partnership, formalized at a ceremony in Riyadh, gives Zamil a 50% stake in Wolffkran's local business, Wolffkran for Equipment. The agreement builds on prior announcements and highlights both companies' ambition to expand in Saudi Arabia and...

At the 28th World Investment Conference, Saudi Arabia announced nine major investment agreements totaling over SAR35 billion. These agreements underscore the nation's dedication to digital transformation and sustainable growth. The conference, themed “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities,” is organized by Invest Saudi alongside the World Association of Investment Promotion Agencies. These deals align with Saudi Arabia's...

GlassPoint has announced plans to create the world's largest solar thermal project, Maaden I, in collaboration with Saudi Arabia's mining giant Maaden and Spanish utility Cox. This initiative aims to decarbonize the industrial process heat sector. The project will feature the GlassPoint Ma’aden Technology Showcase (GMTS), marking the first phase in this $1.5 billion venture. It will merge solar heat...

Saudi Arabia is set to advance its industrial sector through a new collaboration with Vedanta Copper International, a branch of India's Vedanta Ltd. The partnership, involving a $2 billion investment, aims to develop copper projects in the Kingdom. This collaboration, established via a memorandum of understanding, supports Saudi Arabia’s Vision 2030 initiative. The vision seeks to diversify and strengthen the...