Industry

Saudi Arabia’s air conditioning market is experiencing rapid growth, driven by technological advancements, government initiatives, and the country’s extreme climate. According to IMARC Group, the market is valued at USD 2.55 billion in 2024 and is projected to reach USD 5.11 billion by 2033, with a compound annual growth rate of 7.20% from 2025 to 2033. Artificial intelligence is playing...

Saudi Arabia’s Minister of Industry and Mineral Resources, His Excellency Bandar Alkhorayef, recently completed a four-day visit to North Carolina, United States, focusing on strengthening industrial ties and exploring advanced manufacturing technologies, according to the Saudi Press Agency. During his trip, His Excellency toured Research Triangle Park and met with Secretary of Commerce Lee Lilley. Key stops included North Carolina...

MS Pharma has launched a new biologics manufacturing plant in Saudi Arabia, investing $50 million, according to company sources. The facility is equipped for formulation, fill and finish, and lyophilization, aiming to serve both local and international pharmaceutical markets. Designed to comply with leading global standards, including those set by the EMA and U.S. FDA, the factory specializes in monoclonal...

Saudi Arabia is making significant strides in artificial intelligence with the introduction of Humain Chat, developed by Humain, a company owned by the Public Investment Fund. This launch signals a move toward homegrown innovation, aiming to create digital solutions that reflect Saudi identity and serve global users. For years, Arabic speakers have found themselves overlooked by mainstream AI technologies. Humain...

Amaala, set on Saudi Arabia’s Red Sea coast, is poised to become a groundbreaking destination focused on wellness and lifestyle, according to Red Sea Global. The project, powered entirely by renewable energy, brings together top-tier wellness resorts, innovative design, marine conservation, and family programming within one connected location. Central to Amaala is the Wellness Route, a scenic trail linking each...

Saudi Arabia’s Information and Communication Technology (ICT) sector is currently the largest and fastest-growing in the Middle East and North Africa, valued at over $40.9 billion and contributing 4.1% to the nation’s GDP, according to the Saudi Arabian Ministry of Commerce. In 2023, government ICT spending rose by 20% year-on-year, reaching SR 41.87 billion ($11.16 billion). The same period saw...

Desert Technologies, recognized as the first Saudi company to manufacture and export solar panels and a member of the “Made in Saudi” program, has entered a strategic partnership with AlKhorayef Industries Company. This collaboration aims to enhance Saudi Arabia’s smart infrastructure, supporting the country’s Vision 2030 goals, according to company statements. The agreement outlines joint efforts in commercial projects, technology...

Saudi Arabia is rapidly transforming into a global center for technology startups, driven by sweeping regulatory changes and a strong push for innovation. As the Kingdom seeks to diversify its economy beyond oil, experts note the business environment is becoming both more competitive and predictable. Feras Mousilli, managing partner at Lloyd & Mousilli, highlighted the fast pace of regulatory evolution,...

The Aldrich Center of Excellence has announced the return of the Industrial Facilities Management Expo (IFM Expo 2025), scheduled for September 7 to 9, 2025, at Dhahran Expo in Saudi Arabia, according to ForPressRelease. IFM Expo 2025 aims to bring together leaders in facilities management, industrial operations, and smart infrastructure to advance sustainable practices across the sector. The event will...

China and Saudi Arabia are forging ahead with ambitious strategies aimed at reshaping their economies through sustainability and technological innovation. China's focus is on building a green, low-carbon economy by 2035, while Saudi Arabia's Vision 2030 seeks to diversify the Kingdom’s economy and reduce its dependence on oil, establishing itself as a center for innovation and advanced manufacturing. These national...