Industry

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...

Saudi Arabia’s air conditioning market is experiencing rapid growth, driven by technological advancements, government initiatives, and the country’s extreme climate. According to IMARC Group, the market is valued at USD 2.55 billion in 2024 and is projected to reach USD 5.11 billion by 2033, with a compound annual growth rate of 7.20% from 2025 to 2033. Artificial intelligence is playing...

Saudi Arabia’s Minister of Industry and Mineral Resources, His Excellency Bandar Alkhorayef, recently completed a four-day visit to North Carolina, United States, focusing on strengthening industrial ties and exploring advanced manufacturing technologies, according to the Saudi Press Agency. During his trip, His Excellency toured Research Triangle Park and met with Secretary of Commerce Lee Lilley. Key stops included North Carolina...