Industry

SABIC, a leader in the chemical industry, has partnered with iyris (formerly RedSea) and Napco National to develop a durable greenhouse roofing solution. This innovation uses certified circular polyethylene from SABIC's TRUCIRCLE portfolio and is part of Saudi Arabia's National Food Production Initiative, aimed at enhancing agricultural sustainability and regional food security. The collaboration involves using SABIC's linear low-density polyethylene...

Mayar Holding Company, based in Saudi Arabia, has revealed that its subsidiary, Gulf Elevators & Escalators Company, is partnering with China's Shenyang Yuanda Intellectual Industry Group. This collaboration aims to establish a new factory for producing elevator and escalator products in Saudi Arabia. Shenyang Yuanda, a leading Chinese firm in the elevator and escalator sector since 2001, will assist Gulf...

Lucid Motors, a Saudi-owned electric vehicle (EV) company, is gearing up for full production at its Jeddah facility, aiming to produce 150,000 cars annually within three years. This expansion plan was confirmed by Rockwell Automation, Lucid's robotics supplier. Initially, the production will serve local markets, but plans are in place to extend distribution across the Middle East and Asia. Ediz...

Saudi Arabia's Eastern Region Municipality has initiated a significant project to establish a fully integrated industrial city in Dammam, spanning 2.4 million square meters. This development aims to boost the region's economy and industrial production. The new city will host various light industries and manufacturing facilities, along with worker accommodations and essential support services. The initiative is part of a...

The databook serves as an essential resource for understanding the Industry 4.0 market, providing key statistics on revenue, annual growth, and global trends. It offers detailed competitive and opportunity analyses, aiding companies and investors in strategic planning. In 2023, hardware emerged as the leading segment, capturing a 50.88% revenue share. Horizon Databook categorizes the Saudi Arabia Industry 4.0 market into...

Saudi Arabia's Gulf Elevators and Escalators Company Limited has partnered with China's Shenyang Yuanda Intellectual Industry Group to locally manufacture and enhance elevators and escalators. This agreement aims to modernize production lines and expand capabilities. According to a statement from Mayar Holding, Gulf Elevators will produce BLT elevators and escalators with improved speed, capacity, and diversity at its Saudi factory....

The United Nations Industrial Development Organization (UNIDO) hosted the second Multilateral Industrial Policy Forum (MIPF 2024) in Riyadh, Saudi Arabia, focusing on AI, digitalization, and automation in manufacturing. The event also addressed the global energy transition and the creation of sustainable and resilient supply chains to enhance local value and job opportunities. UNIDO Director General Gerd Müller emphasized that the...

Saudi Arabia's Public Investment Fund (PIF) has partnered with Brookfield Asset Management to become a strategic anchor investor in Brookfield's new private equity vehicle, Brookfield Middle East Partners. This collaboration aims to enhance investment opportunities within the region. The investment platform will focus on buyouts, structured solutions, and other opportunities in various strategic sectors such as industrial, business, consumer services,...

Mayar Holding Co. has announced a new partnership through its subsidiary, Gulf Elevators & Escalators Co. Ltd. The agreement is with China’s Shenyang Yuanda Intellectual Industry Group Co. to produce elevators and escalators in Saudi Arabia. This collaboration aims to enhance and modernize existing production lines and facilitate the transfer of technology, along with intellectual and engineering expertise, according to...

Desert Technologies, a pioneer in renewable energy in Saudi Arabia, has announced a new partnership with the Saudi Authority for Industrial Cities and Technology Zones, known as "Modon." This collaboration aims to establish a major industrial complex in Jeddah's third industrial city dedicated to solar panel and cell production. The planned facility will boast an impressive 5 GW annual production...