Industry

Saudi Arabia has launched a new state-owned company, Humain, with backing from the Public Investment Fund, aiming to position the kingdom as a major global player in artificial intelligence. According to the Financial Times, Humain is preparing a $10 billion venture fund and is in talks with major U.S. technology firms, including xAI, OpenAI, and Andreessen Horowitz, to collaborate on...

Saudi Arabia’s Tasnee and China’s Shanghai Donghexin Group are joining forces to build the region’s first tinplate manufacturing plant in Ras Al-Khair Industrial City, located on the eastern coast of the Kingdom, according to Xinhua. The facility is expected to begin operations by mid-2027 and will be capable of producing 400,000 tonnes of tinplate annually. Half of this output is...

Seventy individuals have successfully completed the AI and Innovation Hackathon in Riyadh, according to the Saudi Press Agency. The initiative, organized by the Financial Academy in collaboration with MEDGULF Insurance Co., focused on enhancing skills for Saudi citizens working in the insurance sector, supporting the objectives of Saudi Vision 2030. The program spanned five months and included stages such as...

The Lord Mayor of the City of London, Alastair King, has inaugurated the inaugural UK-Saudi Infrastructure Assembly in Riyadh, aiming to strengthen financial and professional ties between the United Kingdom and Saudi Arabia. This initiative, developed in collaboration with Saudi Arabia’s Ministry of Investment, the UK’s Department for Business and Trade, and the City of London Corporation, seeks to create...

A major new trade fair, ALUMINIUM Arabia, is set to debut in Riyadh in April 2026, highlighting Saudi Arabia’s rapidly expanding aluminium sector. Organized by RX, known for its global industry events, the exhibition will gather key players from across the Kingdom to explore innovations and opportunities throughout the aluminium value chain. The event, scheduled for 27 to 29 April...

Saudi Arabia is advancing rapidly in developing its automotive sector, according to His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources. Speaking at the Qatar Economic Forum in Doha, he noted the Kingdom's ambition to become a major re-export hub for vehicles, supported by improvements in infrastructure and logistics. His Excellency Bandar Alkhorayef also highlighted Saudi Arabia's focus on...

Saudi Arabia’s industrial robotics sector is experiencing significant growth, with the market valued at USD 178.2 million in 2024 and projected to reach USD 543.7 million by 2033, according to IMARC Group. This expansion is driven by a strong push for automation in manufacturing and logistics, particularly within the automotive, electronics, and metal industries. A notable trend is the rise...

Saudi Arabia is shifting its automotive strategy toward electric vehicles, according to His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources. Speaking at the Qatar Economic Forum, His Excellency highlighted that although the Kingdom has been a leading exporter of cars without domestic manufacturing, it is now focused on building a future-ready automotive sector. His Excellency Bandar Alkhorayef explained...

In Riyadh, His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources, met with His Excellency Tengku Datuk, Malaysia’s Minister of Investment, Trade, and Industry, to discuss deepening economic ties and industrial cooperation. The two ministers examined ways to boost joint investments, highlighting incentives and support available to investors and emphasizing high-value opportunities within the Kingdom, according to Saudi Gazette....

A major step forward for Saudi Arabia’s automotive sector has been marked with the groundbreaking of Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company. The ceremony took place at King Salman Automotive Cluster in King Abdullah Economic City, signaling the start of construction on Hyundai’s first manufacturing facility in...