Industry

Senior officials from Saudi Arabia and Peru met in Riyadh to strengthen ties and explore new opportunities in industry and mining. His Highness Prince Faisal bin Farhan, Saudi Minister of Foreign Affairs, and His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources, welcomed Peruvian Minister of Foreign Affairs Elmer Schialer and Minister of Energy and Mines Jorge Montero Cornejo....

Saudi Arabia’s automotive industry is rapidly evolving, with a strong focus on skills development to achieve the Kingdom’s Vision 2030 for a globally competitive mobility sector. The Automechanika Academy, part of Automechanika Riyadh 2025, emphasized the importance of training the next generation in electric vehicles, smart mobility, and artificial intelligence, especially as over 63% of the population is under 30,...

Saudi Arabia's forklift trucks market is experiencing steady growth, with the market valued at $632 million in 2024 and projected to reach $912.1 million by 2033, according to IMARC Group. This expansion, estimated at a compound annual growth rate of 4.16% from 2025 to 2033, is fueled by rising industrial activity, infrastructure projects, and the expansion of logistics and warehouse...

Automechanika Riyadh, the premier trade event for Saudi Arabia’s automotive aftermarket sector, opened its doors at the Riyadh International Convention and Exhibition Centre. The official inauguration was led by Mr. Ajlan Saad Al-Ajlan, Vice Chairman of the Board of Directors at the Riyadh Chamber. This year’s edition features a notable 32% increase in exhibitors compared to last year, according to...

Saudi Arabia and Egypt are deepening their industrial and economic collaboration, focusing on trade facilitation, industrial integration, and government support. At the Saudi-Egyptian Industrial Forum in Riyadh, His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources, highlighted that the Saudi Export-Import Bank has completed SR1.3 billion ($346.5 million) in operations, according to official statements, underscoring strong bilateral ties. His...

Saudi Arabia’s big data and artificial intelligence (AI) sector is set for rapid growth, with the market valued at $4.1 million in 2024 and projected to reach $38.7 million by 2033, according to IMARC Group. This expansion reflects an anticipated compound annual growth rate of 26.2% from 2025 to 2033. Key drivers include widespread adoption of AI-powered analytics across finance,...

Saudi Arabia’s wearable technology market is experiencing significant growth, driven by rising health awareness, increased disposable incomes, and government support for digital health initiatives. According to IMARC Group, the market reached USD 672.9 million in 2024 and is projected to grow to USD 2,742.4 million by 2033, with an expected annual growth rate of 16.9% from 2025 to 2033. Smartwatches...

Saudi Arabia and Italy have launched discussions in Milan to strengthen economic, trade, and cultural cooperation. The Saudi delegation, led by Kamel Al-Munajjed, Chairman of the Saudi-Italian Business Council, marks the largest business mission from Saudi Arabia to Italy, according to the Saudi Ministry of Investment. Over 100 participants, including more than 20 officials from various ministries and agencies, are...

Lenovo, HP, and Dell are considering expanding their manufacturing operations to Saudi Arabia, according to Digitimes. The Kingdom is encouraging technology companies with existing facilities in China to shift production to the Arabian Peninsula due to concerns over tariffs. Lenovo has already announced plans to establish a PC and server assembly plant in Riyadh, supported by a $2 billion investment...

Saudi Arabia’s e-health market is experiencing rapid growth, driven by digital transformation and strong government backing. According to the IMARC Group, the market reached USD 1.31 billion in 2024 and is projected to climb to USD 5.03 billion by 2033, with an expected annual growth rate of 16.13% from 2025 to 2033. Key Drivers of Expansion Key factors fueling this...