Industry

Nabatat Contracting Company (NCC), a leader in Saudi Arabia's landscaping and agriculture sector, plans to invest SAR 350 million ($93 million) in the Kingdom’s manufacturing sector. The company also aims to expand into other Gulf Cooperation Council (GCC) countries. NCC Chairman, Waleed Hamed Al Khaldi, highlighted the shift in foreign companies' perspectives, noting that establishing manufacturing units in Saudi Arabia...

Saudi Arabia and Italy are poised to enhance their industrial and mining collaboration as Saudi Industry and Mineral Resources Minister, Bandar bin Ibrahim Alkhorayef, visits Italy. Beginning on October 14, Alkhorayef's visit aims to explore joint opportunities in key sectors such as automotive, food, space, and marine industries. This aligns with Saudi Arabia's national strategy for manufacturing development. The trip,...

WellPal, an e-commerce platform specializing in health products, has moved its operations from Egypt to Saudi Arabia after securing investment from an angel investor. Established in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal is part of the Flat6Labs portfolio and offers a variety of fitness and wellness products through its app. Strategic Move to Saudi Arabia The relocation to...

Eastern Province Cement Company, listed on the Saudi stock exchange, has obtained an 850-million Saudi riyal ($226.35 million) Shariah-compliant credit facility from Saudi National Bank. This funding will primarily finance a new production line and support the company's working capital. The planned production line, valued at SAR 1.01 billion ($269 million), will have a capacity of 10,000 tonnes per day....

A new $186 million concrete plant is set to be established as part of the ambitious Neom development in Saudi Arabia's Tabuk Province. This facility will be developed and operated by the Saudi building materials company, Asas Al-Mohileb. The plant aims to produce over 20,000 cubic meters of ready-mix concrete daily. Notably, it will incorporate carbon capture and utilization technology,...

Wardwizard Innovations & Mobility Limited has received a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud. This agreement aims to establish a Joint Venture in the Kingdom of Saudi Arabia (KSA). As a prominent manufacturer of electric vehicles, known for brands like 'Joy e-bike' and 'Joy e-rik', Wardwizard sold 1,195...

Saudi Arabia is set to host the Multilateral Industrial Policy Forum (MIPF), an important event linked with the United Nations Industrial Development Organisation (UNIDO). Scheduled for October 23-24, the forum will convene in Riyadh. The MIPF will gather a diverse group of international leaders, including ministers, experts in industrial transformation, investors, and researchers. Their focus will be on innovative industrial...

GROHE, a prominent brand in bathroom solutions and kitchen fittings, is set to embark on its inaugural nationwide tour in Saudi Arabia. This initiative, titled the “GROHE Pro Tour,” will serve as a mobile showroom across major cities, showcasing the brand's latest innovations. This tour aligns with Saudi Vision 2030, supporting the Kingdom's focus on economic diversification, sustainability, and innovation...

Wardwizard Innovations, known for its electric vehicle brands 'Joy e-bike' and 'Joy e-rik', reported the sale of 1,195 electric two-wheelers in September 2024. Over the first half of the fiscal year 2024-25, the company sold 7,201 units, including both high-speed and low-speed models. In a significant development, Wardwizard received a Letter of Intent (LOI) from Prince Abdulaziz of Saudi Arabia...

Low-Carbon Concrete Initiative in Saudi Arabia Saudi Arabia is set to welcome its first low-carbon concrete solution through a partnership between the UK’s Next Generation SCM and Nizak Mining Co., a City Cement subsidiary. This joint venture aims to produce sustainable supplementary cementitious materials (SCM) regionally, utilizing advanced technology that requires just one-sixth of the fuel used in conventional cement...