Industrial and Manufacturing
Industrial and Manufacturing Overview
Saudi Arabia is one of the world’s fastest growing countries in the manufacturing sector, with 7.5% average growth every year. The sector is at the forefront of the Kingdom’s economic diversification, localization, and privatization efforts and is now the third largest non-oil contributor to the Saudi economy. Key factors in the growth of the manufacturing industry are the large market size, developed R&D facilities, government support, modern infrastructure and business-friendly regulations.
Explore Saudi Arabia's
Industrial and Manufacturing Sector
Overview
Saudi Arabia's transportation needs are steadily increasing, with more than 200,000 kilometers of roadways connecting Saudi cities. As a result of these characteristics, the Kingdom is the GCC's largest automotive market. Saudi Arabia also accounts for 50-60% of regional automotive sales, making the Kingdom an appealing place for automakers looking to capitalize on this big and expanding demand.
- $17BN
automotive market sales value in 2019 - 537,000
vehicles sold in 2019
Value Proposition
The regions’ most attractive manufacturing hub
Overview
Saudi Arabia is embarking on the most ambitious infrastructure reform in its history, as the Kingdom is unleashing mega and giga projects that will drive rapid growth in all areas of the economy, including manufacturing. The demand for industrial equipment and spare parts is predicted to skyrocket in the next years as a result of infrastructure and localization projects.
- $400BN
in the pipeline to be spent on the IKTVA program by Saudi Aramco by 2030 - $13BN
total import of energy wires in the MENA
Value Proposition
Rapid growth in tandem with other booming industries and value chains
Localization programs enabling easier access to opportunities and ease of doing business
Industrial cities offering investors highly competitive prices
Healthcare & Life Sciences Opportunities
Success Stories from
Industrial and Manufacturing Sector
‘’The Kingdom is facilitating simplicity of doing business and offering a lot of attractive incentives, and that always helps us with our investment decisions. Companies such as Pepsico like simplicity and incentives to keep growing, keep developing, and keep creating good jobs.’’ – Ramon Laguarta, Chairman and CEO, Pepsico
Company Name : Pepsico
Name : Ramon Laguarta
Position : Chairman and CEO
Sector name : Food processing
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