Industry

South Korea and Saudi Arabia are deepening their partnership by expanding collaboration into advanced sectors like shipbuilding, automotive technology, and artificial intelligence, according to the Ministry of Trade, Industry and Energy. During the recent Korea-Saudi Vision 2030 Committee meeting in Seoul, both countries introduced 11 new joint projects and reviewed progress on 46 ongoing initiatives. Key new efforts include co-developing...

Saudi Arabia is strengthening its economic relationships with China and Japan through a series of high-level ministerial visits focused on expanding industrial cooperation, technology transfer, and private-sector investment. Expanding Industrial Cooperation with China In Beijing, His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources, met with leaders of ZGC Group—a major Chinese innovation platform—to discuss collaboration in advanced manufacturing,...

Saudi Arabia is accelerating its shift to renewable energy, aiming to produce half of its electricity from clean sources by 2030, according to The Wall Street Journal. The country is building some of the largest solar farms and battery storage projects in the world as part of this ambitious plan. GameChange Solar plays a significant role in this transformation. Its...

Blaize, a company specializing in AI-powered edge computing chips, has joined forces with Technology Control Company (TCC) to introduce advanced AI solutions in Saudi Arabia. The partnership aims to deliver energy-efficient and secure AI technologies for both public and private sectors across the Gulf Cooperation Council, according to statements from both firms. TCC will enhance Blaize’s hybrid AI technology, focusing...

Saudi Arabia’s construction sector is experiencing rapid expansion, with projects valued at more than $1.7 trillion, according to management consultancy Turner & Townsend. This surge is a key part of the Kingdom’s Vision 2030 plan to diversify the economy beyond oil, driving major growth in commercial real estate, infrastructure, tourism, and technology. Riyadh is now among the world’s most expensive...

Saudi Arabia’s jewellery sector is looking to collaborate with India’s renowned gemstone and craftsmanship industry to achieve its luxury market ambitions, according to Princess Nourah Al-Faisal. As the founder of Noon Jewels and a veteran designer, Her Royal Highness emphasized that Indian suppliers are crucial for Saudi jewellers aiming to compete on a global scale, noting that her own supply...

The Public Investment Fund (PIF) and Macquarie Asset Management (MAM) have signed a Memorandum of Understanding to strengthen cooperation in infrastructure and energy transition sectors. According to PIF, this partnership will focus on digital infrastructure, electric vehicle infrastructure, and energy storage, aiming to attract foreign institutional investment and support the growth of Saudi Arabia’s asset management industry. As part of...

Riyadh is set to host the expanded INDEX Saudi Arabia, the Kingdom’s premier design event, from 9-11 September at the Riyadh Front Exhibition & Conference Centre. This gathering will spotlight the latest trends in interior design, furniture, and fit-out solutions, drawing industry professionals from across the region and beyond. According to organizers, more than 400 exhibitors representing countries such as...

Turkish construction firms are emerging as key contenders for major projects in Saudi Arabia’s ambitious Neom development, according to Eyup Vural Aydin, chairman of Türkiye’s Public-Private Partnership (PPP) Research Center and member of the Saudi National Center for Privatization and PPP (NCP) Advisory Board. Aydin revealed that one prominent Turkish company is being considered for one of 17 planned stadiums...

ZTT has revealed plans to open a manufacturing facility in Saudi Arabia as part of its broader global expansion. This initiative is designed to boost industrial capabilities within the Middle East and strengthen the company’s presence in the region. Key objectives include localizing production to better serve customers, streamlining supply chains for faster and more tailored solutions, and supporting the...