Industry
NEOM’s New Concrete Plant with Asas Al-Mohileb
NEOM Partners with Asas Al-Mohileb for Concrete Facility NEOM, a sustainable development in northwest Saudi Arabia, has entered into a partnership with Asas Al-Mohileb to create a SAR 700 million ready-mix concrete plant. This facility will primarily support the construction of THE LINE, a futuristic linear city within NEOM. Asas Al-Mohileb, a prominent construction firm in Saudi Arabia, is tasked...
Saudi Arabia’s RPA Revolution in Smartphones
The Saudi Arabian Robotic Process Automation (RPA) sector is experiencing significant growth, particularly in smartphone manufacturing. This expansion is largely due to the benefits RPA offers, such as increased production efficiency and reduced labor costs, enhancing competitiveness in the global market. The implementation of RPA ensures consistent and precise manufacturing processes, leading to better product quality and reliability. As Saudi...
Saudi Arabia’s Vision 2030: Asia Collaboration
Saudi Arabia is seeking to enhance its research and development and innovation collaboration with Asia, particularly looking towards China for advancements in technology and the automotive sector. This initiative is part of Saudi Arabia's Vision 2030, a strategic plan to diversify its economy, which includes transforming its mining sector. The country's mineral wealth is valued at approximately $2.5 trillion. Bandar...
Saudi Arabia’s Industrial Policy Forum 2023
Saudi Arabia, in collaboration with the United Nations Industrial Development Organization (UNIDO), is set to host the Multilateral Industrial Policy Forum (MIPF). This event highlights the Kingdom's ongoing industrial transformation aligned with Vision 2030, aiming to broaden its industrial base and establish itself as a global industrial hub. Organized by the Ministry of Industry and Mineral Resources in Riyadh, the...
Advancing Industrial Collaboration: Saudi-Chilean Strategic Visit
Bandar Al-Khorayef, Minister of Industry and Mineral Resources of Saudi Arabia, initiated an official journey to Santiago, Chile, with the intention of bolstering bilateral ties in the industrial and mining realms. Accompanying him are Eng. Khaled Al-Mudaifer, Deputy Minister of Industry for Mining Affairs, along with prominent figures from the Saudi industrial and mining sectors.The delegation's mission centers on advancing...
Riyadh to Host UNIDO’s Second Multilateral Industrial Policy Forum
Riyadh — The Ministry of Industry and Mineral Resources is set to orchestrate the second installment of the Multilateral Industrial Policy Forum (MIPF) 2024, scheduled for next October. This prominent forum falls under the auspices of the United Nations Industrial Development Organization (UNIDO).The initiative is part of the Ministry's commitment to bolstering partnerships with UNIDO and its programs, aiming to...
Saudi Arabia Explores Aviation Sector Expansion with Embraer
The Kingdom of Saudi Arabia is taking steps to expand its aviation industry by engaging in strategic talks with Embraer, a renowned aircraft manufacturer. Bandar Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, has met with Dimas Douglas Tomlin, Embraer's Executive Vice President of Strategy and Innovation, as reported by the Saudi Press Agency (SPA). These discussions are centered...
Baosteel Amplifies Saudi Venture Investment to $1 Billion
China's foremost steel producer, Baoshan Iron and Steel (Baosteel), has declared an uptick in its financial commitment to a Saudi Arabian joint venture focused on flat products manufacturing. The investment will surge to $1 billion, a considerable increase from the initial $437.5 million.The strategic partnership was solidified in May through an agreement between Baosteel, a branch of the larger Baowu...
Honeywell Accelerates Growth in Saudi Arabia’s Business Terrain
In a detailed conversation with Phil Daniell, Honeywell's vice president and general manager of Building Automation for the Middle East, Turkey, and Africa, we explored the company's aggressive expansion plans in Saudi Arabia, including the unveiling of a new facility in Dhahran. Daniell offered insights into Honeywell's strategic view of Saudi Arabia as a central market in its global plans,...
Saudi Arabia’s Industry Boom: Surges in Local Production and Mining Investment
The Saudi Arabian Ministry of Industry and Mineral Resources has significantly expanded its national list of mandatory products, with over 200 additions. This expansion includes the localization of vaccine and biological drug production tailored to around 214 essential treatments.Moreover, the integration of more than 2,000 domestic factories with colossal undertakings such as NEOM, ROSHN, and the Diriyah Gate Development Authority...
