Industry

  The Saudi Arabian green buildings market is set to grow significantly, with revenues expected to reach USD 16.4 billion in 2024 and USD 33.0 billion by 2030, according to P&S Intelligence. This growth, at a compound annual rate of 12.3%, is driven by population growth and environmental sustainability efforts. Key to this shift is the Saudi Green Building Code...

Saudi Arabia’s space economy has reached $8.7 billion in 2024, according to the Communications, Space, and Technology Commission (CST). This figure covers all industries and activities linked to space technology and services. CST’s KSA Space Market 2025 report reveals that the Saudi space market alone was valued at $1.9 billion last year. The report provides insights into market trends, growth...

US private equity firm Warburg Pincus is expanding its presence in Saudi Arabia through a new agreement with Hassana Investment Co., enhancing their strategic partnership. This collaboration aims to identify and invest in high-growth sectors, leveraging both firms' expertise. US businesses are increasingly eyeing opportunities in Saudi Arabia, driven by growth in sectors such as energy, tourism, and healthcare. The...

Tetra Pak has embarked on a transformative project with Al Rabie, a prominent Saudi producer of juices and dairy products. This collaboration, set to span three years, aims to modernize and digitize Al Rabie's production facilities using Tetra Pak's advanced technology and sustainability practices. The initiative was inaugurated by Bassem Sabra, CEO of Al Rabie, and Konstantin Kolesnik, Managing Director...

RIYADH: A significant partnership was established between the Public Investment Fund (PIF) and Goldman Sachs Asset Management with the signing of a non-binding memorandum of understanding in Riyadh. This agreement positions the PIF as an anchor investor in new private and public funds across Saudi Arabia and the GCC. An anchor investor plays a crucial role by supporting a business...

Saudi Arabia has launched its first aviation industrial city in Jeddah, covering an area of 1.2 million square meters within MODON Oasis. This milestone, announced at the Aviation Industry Forum under the auspices of Minister of Industry and Mineral Resources, His Excellency Bandar Alkhorayef, signifies a major leap in the Kingdom's aviation sector. The city is a collaborative effort between...

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...