Industry

In a move designed to bolster the attractiveness of the Kingdom for business, Saudia Group has entered into a partnership with the Ministry of Investment by signing a Memorandum of Understanding (MoU). This strategic alliance will offer a robust package of benefits for prominent investors and senior executives of multinational corporations considering setting up operations in Saudi Arabia. The pact,...

The Ministry of Investment in Saudi Arabia has recently taken a step to improve investor relations by entering into a memorandum of understanding (MoU) with the national airline, Saudia Group. This move is designed to boost the Kingdom's appeal as a prime investment locale and create an environment that is conducive to business expansion. Top executives from both organizations, Khaled...

The National Additive Manufacturing & Innovation Company (NAMI), based in Saudi Arabia, has expanded its technological capabilities with the acquisition of multiple advanced 3D printing systems from 3D Systems. This move is part of a collaborative effort with the Saudi Electricity Company (SEC), aiming to establish a localized supply chain for essential spare parts. NAMI, a collaborative venture between 3D...

Olive Rock Partners, a distinguished private equity firm in the region, is excited to declare a key investment in the evolving field of corporate training and educational technology (EdTech). By acquiring a substantial ownership in LEORON Institute, the firm is set to boost LEORON's expansion across the GCC and surrounding areas. With its headquarters in Saudi Arabia, LEORON stands as...

The Agthia Group, a prominent entity in the UAE's food and beverage sector, has recently inaugurated a Dhs90m protein production plant within the bounds of Jeddah’s Industrial City 1. This move signifies the company’s foray into the Saudi Arabian market.Constructed to meet the growing consumer demand for Agthia’s esteemed protein product lines, this initiative aligns with the group's strategic plan...

The Ministry of Industry and Mineral Resources in Saudi Arabia has reported the issuance of 86 new industrial licenses within the month of April. These licenses represent a considerable investment of SR2.2 billion ($587 million), which has raised the total to 410 licenses awarded since the beginning of the year up until the end of April.In April alone, 67 factories...

The Saudi Arabian Ministry of Industry and Mineral Resources has granted 86 new industrial licenses in April, signifying an investment influx of SAR2.2 billion (USD587 million). This achievement raises the total number of licenses issued since the beginning of the year to 410.Revealed by the ministry’s National Center for Industrial and Mining Information on a recent Sunday, it was reported...

In a strategic move to modernize its industrial sector, Saudi Arabia's National Industrial Development and Logistics Program (NIDLP) has formed an alliance with the Singapore-based International Center for Industrial Transformation (INCIT) to promote the Smart Industry Readiness Index (SIRI), an Industry 4.0 blueprint developed in Singapore, throughout the Kingdom.The comprehensive SIRI framework provides a range of digital tools and guidelines...

In the vicinity of Riyadh's commercial hub, Al Kharj City recently celebrated the opening of a state-of-the-art facility belonging to the Arabian Plastic Industrial Company—APICO. The event was graced by dignitaries from the company, the Balubaid Group, and a gathering of business elites and industrial frontrunners. Positioned in Al-Kharj Industrial City, the factory stretches over a vast 34,000 square meters,...

The Saudi Arabian Ministry of Industry is on the verge of revealing a comprehensive plan designed to enhance human potential within the industrial and mining sectors. Eng. Faris Alsaqabi, the Deputy Minister for Human Capacity Development, shared insights on the imminent launch of this strategic initiative.Strategic Development of Human PotentialWith a completed strategy in hand, the Ministry is poised to...