Industry

MS Pharma has launched a new biologics manufacturing plant in Saudi Arabia, investing $50 million, according to company sources. The facility is equipped for formulation, fill and finish, and lyophilization, aiming to serve both local and international pharmaceutical markets. Designed to comply with leading global standards, including those set by the EMA and U.S. FDA, the factory specializes in monoclonal...

Saudi Arabia is making significant strides in artificial intelligence with the introduction of Humain Chat, developed by Humain, a company owned by the Public Investment Fund. This launch signals a move toward homegrown innovation, aiming to create digital solutions that reflect Saudi identity and serve global users. For years, Arabic speakers have found themselves overlooked by mainstream AI technologies. Humain...

Amaala, set on Saudi Arabia’s Red Sea coast, is poised to become a groundbreaking destination focused on wellness and lifestyle, according to Red Sea Global. The project, powered entirely by renewable energy, brings together top-tier wellness resorts, innovative design, marine conservation, and family programming within one connected location. Central to Amaala is the Wellness Route, a scenic trail linking each...

Saudi Arabia’s Information and Communication Technology (ICT) sector is currently the largest and fastest-growing in the Middle East and North Africa, valued at over $40.9 billion and contributing 4.1% to the nation’s GDP, according to the Saudi Arabian Ministry of Commerce. In 2023, government ICT spending rose by 20% year-on-year, reaching SR 41.87 billion ($11.16 billion). The same period saw...

Desert Technologies, recognized as the first Saudi company to manufacture and export solar panels and a member of the “Made in Saudi” program, has entered a strategic partnership with AlKhorayef Industries Company. This collaboration aims to enhance Saudi Arabia’s smart infrastructure, supporting the country’s Vision 2030 goals, according to company statements. The agreement outlines joint efforts in commercial projects, technology...

Saudi Arabia is rapidly transforming into a global center for technology startups, driven by sweeping regulatory changes and a strong push for innovation. As the Kingdom seeks to diversify its economy beyond oil, experts note the business environment is becoming both more competitive and predictable. Feras Mousilli, managing partner at Lloyd & Mousilli, highlighted the fast pace of regulatory evolution,...

The Aldrich Center of Excellence has announced the return of the Industrial Facilities Management Expo (IFM Expo 2025), scheduled for September 7 to 9, 2025, at Dhahran Expo in Saudi Arabia, according to ForPressRelease. IFM Expo 2025 aims to bring together leaders in facilities management, industrial operations, and smart infrastructure to advance sustainable practices across the sector. The event will...

China and Saudi Arabia are forging ahead with ambitious strategies aimed at reshaping their economies through sustainability and technological innovation. China's focus is on building a green, low-carbon economy by 2035, while Saudi Arabia's Vision 2030 seeks to diversify the Kingdom’s economy and reduce its dependence on oil, establishing itself as a center for innovation and advanced manufacturing. These national...

Saudi Arabia’s Non-Oil Private Sector Outperforms Global Trends Saudi Arabia’s non-oil private sector continues to outperform global trends, buoyed by strong domestic demand and ambitious economic reforms under Vision 2030. According to recent Purchasing Managers Index (PMI) figures cited by the International Monetary Fund (IMF), the sector’s PMI climbed to 57.2 in June 2025—a three-month high—before easing to 56.3 in...

Riyadh is set to host Aviation Impact Middle East 2025 on October 16, bringing together key figures from the aviation and aerospace industries. Organized by Aviation Business Middle East in collaboration with GE Aerospace, the event will focus on aviation's significant role in advancing regional economies and supporting future growth. A central feature of the summit is the release of...