Industry

Saudi Arabia has signed a Memorandum of Understanding with global packaging leader Sidel S.p.A. to explore launching Sidel’s operations within the Kingdom. The agreement was formalized in Paris during the official visit of His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources, to France. Eng. Saleh AlSolami, CEO of the Saudi National Industrial Development Center, and Clive Smith, Executive...

Lucid Motors is expanding its global reach as the company prepares to send a new shipment of its Gravity electric SUVs to Saudi Arabia. The move follows a period of increased production and sustained growth. In the first quarter of 2025, Lucid delivered 3,109 vehicles, marking its fifth consecutive quarter of record deliveries, according to company figures. Although deliveries to...

Saudi Minister of Industry and Mineral Resources His Excellency Bandar Alkhorayef met with Airbus Helicopters CEO Bruno Even in France to explore joint investment prospects in helicopter manufacturing and maintenance, according to the Saudi Gazette. Their talks centered on Saudi Arabia’s strengths in attracting aviation industry investments, including incentives and supportive infrastructure. The discussions highlighted the Kingdom’s commitment to economic...

Saudi Arabia is rapidly transforming its economy, and aviation is emerging as a key driver of this change. Once primarily known for oil, the Kingdom now sees its air transport sector playing a central role in economic diversification and national growth. According to the International Air Transport Association (IATA), aviation contributed $90.6 billion to Saudi Arabia’s GDP in 2023, supporting...

The Saudi-U.S. Investment Forum is set to be held at the King Abdulaziz International Conference Center in Riyadh on May 13, aiming to strengthen economic collaboration between Saudi Arabia and the United States. The event aligns with the state visit of U.S. President Donald Trump and will bring together senior officials from both nations, as well as global business leaders...

Saudi Minister of Industry and Mineral Resources, His Excellency Bandar Alkhorayef, recently launched the "Industrial Day" at Airbus Helicopters' headquarters in Marignane, France. This event gathered Airbus suppliers and Saudi aviation firms to discuss new collaboration and investment opportunities within the aviation sector. His Excellency Bandar Alkhorayef highlighted the importance of aviation as a leading advanced industry, noting its central...

Farabi Downstream Petrochemical Company, part of the FARABI Investment Group, has entered into a memorandum of understanding with Xinxiang Richful Lube Additive Co., Ltd, a leading Chinese manufacturer of lubricant additives, to form a joint venture in Saudi Arabia. The agreement, signed under the patronage of the Ministry of Energy, aims to establish an advanced lubricant additive plant in Yanbu....

Riyadh International Industry Week 2025 Set to Make Regional Impact Riyadh is set to host the Riyadh International Industry Week 2025, under the patronage of the Ministry of Industry and Mineral Resources. The event will take place from May 12 to 15 at the Riyadh International Convention and Exhibition Center. According to the event organizer, over 524 exhibitors from 20...

Saudi Arabia's Drive to Attract International Talent Saudi Arabia is rapidly emerging as a magnet for international talent, focusing on sectors such as technology, finance, and manufacturing. Central to this strategy is the Premium Residency program, often called the Saudi Green Card, which aims to attract skilled professionals, entrepreneurs, and investors by granting long-term residency and benefits similar to those...

The Saudi Arabia facade market is witnessing notable expansion, with its value reaching USD 2.6 billion in 2024, according to the IMARC Group. Projections indicate the market could grow to USD 4.9 billion by 2033, maintaining a compound annual growth rate of 6.40% between 2025 and 2033. This growth is fueled by rapid urban development, major infrastructure initiatives under Vision...