Industry

Rapid Growth in Saudi Arabia’s Commercial Construction Sector Saudi Arabia’s commercial construction sector is witnessing rapid growth, with its market size estimated at $72.1 billion in 2024 and expected to reach $98.61 billion by 2030, according to ResearchAndMarkets.com. The sector’s expansion is fueled by a 5.2% compound annual growth rate, driven by the nation’s Vision 2030 strategy, which aims to...

Saudi Arabia’s Minister of Industry and Mineral Resources Visits Indonesia to Deepen Bilateral Cooperation His Excellency Bandar Al-Khorayef, Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, is set to visit Indonesia, highlighting the growing partnership between the two nations. This official trip aims to deepen cooperation in the industrial and mining sectors, with bilateral trade surpassing...

Nissan, a cornerstone of Japan’s car industry, is grappling with mounting financial difficulties and is now in talks with Saudi Arabia’s Public Investment Fund (PIF) for support, according to Automobilwoche. The discussions with PIF mark a shift from earlier speculation about possible partnerships with Honda and Foxconn. While Honda and Foxconn explored collaborations, no firm agreements were reached. PIF, which...

Saudi Arabia's Construction Sector Poised for Significant Growth Saudi Arabia's construction sector is set for notable expansion, with market research from P&S Intelligence projecting an increase in value from USD 70.4 billion in 2024 to USD 97.4 billion by 2030, at a compound annual growth rate of 5.6%, according to P&S Intelligence. This growth is fueled by the government's major...

  The Saudi Arabian green buildings market is set to grow significantly, with revenues expected to reach USD 16.4 billion in 2024 and USD 33.0 billion by 2030, according to P&S Intelligence. This growth, at a compound annual rate of 12.3%, is driven by population growth and environmental sustainability efforts. Key to this shift is the Saudi Green Building Code...

Saudi Arabia’s space economy has reached $8.7 billion in 2024, according to the Communications, Space, and Technology Commission (CST). This figure covers all industries and activities linked to space technology and services. CST’s KSA Space Market 2025 report reveals that the Saudi space market alone was valued at $1.9 billion last year. The report provides insights into market trends, growth...

US private equity firm Warburg Pincus is expanding its presence in Saudi Arabia through a new agreement with Hassana Investment Co., enhancing their strategic partnership. This collaboration aims to identify and invest in high-growth sectors, leveraging both firms' expertise. US businesses are increasingly eyeing opportunities in Saudi Arabia, driven by growth in sectors such as energy, tourism, and healthcare. The...

Tetra Pak has embarked on a transformative project with Al Rabie, a prominent Saudi producer of juices and dairy products. This collaboration, set to span three years, aims to modernize and digitize Al Rabie's production facilities using Tetra Pak's advanced technology and sustainability practices. The initiative was inaugurated by Bassem Sabra, CEO of Al Rabie, and Konstantin Kolesnik, Managing Director...

RIYADH: A significant partnership was established between the Public Investment Fund (PIF) and Goldman Sachs Asset Management with the signing of a non-binding memorandum of understanding in Riyadh. This agreement positions the PIF as an anchor investor in new private and public funds across Saudi Arabia and the GCC. An anchor investor plays a crucial role by supporting a business...

Saudi Arabia has launched its first aviation industrial city in Jeddah, covering an area of 1.2 million square meters within MODON Oasis. This milestone, announced at the Aviation Industry Forum under the auspices of Minister of Industry and Mineral Resources, His Excellency Bandar Alkhorayef, signifies a major leap in the Kingdom's aviation sector. The city is a collaborative effort between...