Interview: Saleh Al Solami, CEO, Industrial Centre To what extent will advanced manufacturing technologies drive the next phase of industrial growth? SALEH AL SOLAMI: Advanced technologies, particularly automation and artificial intelligence (AI), will be pivotal in shaping the future of Saudi Arabia’s industrial landscape. These technologies are integral to the Kingdom’s ambition to establish…
Interview: Munir Eldesouki, CEO, King Abdulaziz City for Science and Technology What role do research and development (R&D) initiatives play in enhancing Saudi Arabia’s competitive edge in the global technology landscape? MUNIR ELDESOUKI: R&D initiatives are a key factor in strengthening the Kingdom’s competitive advantage across multiple vertical markets. If you analyse a value chain…
Interview: Waled Al Ghreri, CEO, National Energy Services Company (Tarshid) Which initiatives are encouraging energy conservation among consumers and businesses? WALED AL GHRERI: Energy efficiency throughout the Kingdom is being encouraged through multiple initiatives, such as regulatory intervention, awareness campaigns and financial incentives. With respect to regulatory intervention, the Saudi…
Interview: Marco Arcelli, CEO, ACWA Power In what ways can renewable energy projects contribute to economic diversification efforts? MARCO ARCELLI: Renewable energy projects can significantly enhance Saudi Arabia’s economic diversification under Vision 2030 by bolstering decarbonisation and encouraging private sector participation. These projects drive large-scale renewable energy construction,…
Saudi Arabia’s industrial and mining sectors are linchpins of the country’s diversification and privatisation initiatives. Local content requirements, upgrades in logistics infrastructure and ambitious government growth targets have engendered significant transformation in Saudi Arabia’s industrial and mining sectors, making them increasingly dynamic and diversified contributors to the economy.…
Saudi Arabia’s energy strategy focuses on maximising economic returns from its existing hydrocarbons reserves, while simultaneously increasing domestic renewable energy capacity. This involves investing in research, development and innovation to create clean energy solutions and minimise the environmental impact of fossil fuels. The Kingdom’s approach is influenced by projections of a future decline…
Saudi Arabia is undergoing a significant transformation under Vision 2030, the national agenda aimed at developing a diversified, knowledge-based economy and reducing the Kingdom’s reliance on fossil fuels. At the heart of this transformation is a focus on research, development and innovation (RDI), seen as a major catalyst for economic diversification and the generation of added value in the industrial…
Amid the backdrop of dynamic shifts in global trade patterns and technological advancement, Industry 4.0 and artificial intelligence (AI) are substantially reshaping manufacturing landscapes in emerging markets. Although challenges exist for full implementation – including infrastructure and skill gaps – rapid urbanisation and a burgeoning young workforce in these countries drive demand for automation…
As oil markets rebounded in 2021 when the global economy began to recover from the Covid-19 pandemic, Saudi Arabia announced plans to increase its maximum sustainable oil production capacity from 12m to 13m barrels per day (bpd) by 2027. However, in January 2024 the Ministry of Energy scaled back these plans, opting to maintain capacity at 12m bpd. This shift aligns with the strategy of Vision 2030,…
In alignment with its Vision 2030 and Net Zero 2060 commitments, Saudi Arabia is transforming its waste management system to focus on sustainability and resource efficiency. Rapid industrialisation, population growth and urbanisation have made waste management a pressing concern. The Kingdom generates over 110m tonnes of waste annually, with 43% of the total coming from Riyadh, Jeddah and Dammam. Targets To…
