Industry & Mining
From The Report: Saudi Arabia 2025
View in Online Reader

The horizon for the industrial and mining sectors is defined by a transition from rapid, volume-based expansion to strategic consolidation and resilience. While the fourth Future Minerals Forum held in January 2025 demonstrated momentum – yielding SR107bn ($28.5bn) in deals, the Kingdom is actively recalibrating its approach to address emerging global trends. The trajectory faces pressure from elevated global interest rates, which has prompted a shift in the Public Investment Fund’s investment strategy towards greater fiscal discipline and a prioritisation of sectors offering quicker returns. However, the mining sector’s long-term growth is sustained by its competitive advantage in pursuing green energy feedstock and strong institutional support for a variety of industrial projects, as it continues to attract high-value capital commitments.

This chapter contains an interview with Khalid Al Amoudi, CEO, Saudi Red Bricks Company.

Articles from this Chapter

Overview

Powering growth: The Kingdom’s industrial ecosystem is shifting towards consolidation, localisation and higher-value production
OBG
plus

By the end of 2024 Saudi Arabia’s industrial trajectory had firmly transitioned into the second phase of the National Industrial Development and Logistics Programme (NIDLP), with non-oil activities contributing 55% to the Kingdom’s real GDP. As the industrial ecosystem solidifies its role as a primary engine for job creation, the mining sector has emerged as a critical third pillar in the country’s economy. Its GDP contribution has doubled since the launch of Vision 2030 in 2016 to reach SR136bn ($36.3bn) in 2024. Structure The Ministry of Industry and Mineral Resources (MIM), under the leadership of Bandar Alkhorayef, continues to refine…

Interview

Material momentum: Khalid Al Amoudi, CEO, Saudi Red Bricks Company (SRBC), on advancing quality, efficiency and value across the supply chain
OBG
plus

Interview: Khalid Al Amoudi, CEO, Saudi Red Bricks Company (SRBC), on advancing quality, efficiency and value across the supply chain Which performance standards shape purchasing decisions for contractors and developers? KHALID AL AMOUDI: A noticeable shift is happening in how materials are chosen and much of it comes down to durability, energy efficiency and the ability to withstand a changing climate. One of the most important issues today is moisture resistance. With more rain, cloud seeding…