Industry

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...

Riyadh International Industry Week 2025 brought together industry leaders and experts to discuss the future of manufacturing and industrial innovation in Saudi Arabia. Held at the International Convention and Exhibition Center, the event focused on emerging trends, sustainable development, and the adoption of advanced technologies. Key sessions addressed the rapid transformation of the Kingdom’s industrial infrastructure, with Khalid Al-Hajri, Vice...

Saudi Arabia’s push for industrial advancement and modern technology is unlocking major opportunities for investment and economic expansion, according to industry leaders at the Riyadh International Industry Week 2025. The event brought together four major trade shows—Saudi Plastics and Petrochemicals, Saudi Printing and Packaging, Smart Manufacturing, and Saudi Smart Logistics—highlighting the Kingdom’s growing role in global industry. Kevin Lang, general...

Saudi Arabia’s precast concrete market is experiencing robust growth, driven by major infrastructure investments, rapid urbanization, and a shift toward efficient construction methods. According to IMARC Group, the market reached $1.2 billion in 2024 and is projected to double to $2.5 billion by 2033, with a compound annual growth rate of 7.6% expected between 2025 and 2033. This expansion is...

His Royal Highness Crown Prince Mohammed bin Salman has announced the launch of Humain, an ambitious artificial intelligence company under the Public Investment Fund, aimed at establishing Saudi Arabia as a global leader in AI. According to an official press statement, Humain will focus on developing advanced AI technologies, next-generation data centers, and robust cloud infrastructure. A major goal is...

Hyundai has started building its first manufacturing plant in the Middle East, choosing King Abdullah Economic City on Saudi Arabia’s Red Sea coast as the location. The new facility, called Hyundai Motor Manufacturing Middle East (HMMME), is part of the King Salman Automotive Cluster, according to Hyundai. This project is a collaboration between South Korea’s Hyundai and Saudi Arabia’s Public...

The Saudi Arabia lighting market is set for notable expansion, driven by rapid urbanization, infrastructure development, and evolving consumer preferences. According to IMARC Group, the market was valued at USD 1.3 billion in 2024 and is forecast to reach USD 2.1 billion by 2033, with an annual growth rate of 5.05% from 2025 to 2033. LED lighting is leading this...

Saudi Arabia's generative AI market is poised for rapid growth, driven by strong government backing and increasing investment in digital innovation. According to IMARC Group, the market was valued at $135.5 million in 2024 and is projected to reach $579.8 million by 2033, with an expected annual growth rate of 17.5% from 2025 to 2033. The Kingdom's commitment to digital...