Saudi Arabia Industry Articles & Analysis

Chapter | Industry from The Report: Saudi Arabia 2019

The sweeping changes announced in Vision 2030 aim at giving rise to a reinvigorated and prosperous private sector, driving growth through broad industrial development. By the time the G20 summit convenes in Riyadh in 2020, four years after the Vision 2030 announcements, the country’s leaders will be able to showcase some of the first results of the new agenda, as detailed in the National...

Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.

Displaying 1 - 6 of 120

 

What are some of the key advantages of investing in Saudi Arabia’s industrial cities?

 

The 4IR has been described as a SR1trn ($266.6bn) opportunity for Saudi Arabia, but experts are warning that the Kingdom’s industries will have to adapt rapidly if they are to make the most of it by 2030. Following on from mechanisation, mass production and digitisation of production, the next step change in industrial development will be to...

 

Ambitious plans to develop and expand automotive manufacturing are being drawn up, with a view to capitalising on the increasing availability of raw materials and a strong domestic market for cars and trucks. In August 2018 the Ministry of Energy, Industry and Mineral Resources (MEIM) announced that the Kingdom “is currently developing a city...

 

The role of SMEs is being re-evaluated in the light of Vision 2030, which has made boosting their contribution to GDP a key part of its strategy to create opportunities in a thriving economy. A new government agency, the SME Authority (SMEA), was created in October 2015 to champion small businesses. SMEA notes that while in many advanced...

 

The sweeping changes announced in Vision 2030 aim at giving rise to a reinvigorated and prosperous private sector, driving growth through broad industrial development. By the time the G20 summit convenes in Riyadh in 2020, four years after the Vision 2030 announcements, the country’s leaders will be able to showcase some of the first results...

 

With record public expenditure of SR1.1trn ($293.3bn) in 2019 and government stimulus packages for the private sector, schemes devised under Vision 2030 to boost employment levels of Saudi workers and create new opportunities for local businesses look set to bear fruit. A range of planned infrastructure projects are set to begin construction....