MYSTERIOUS: Bandar alkhorayef - What They Never Told You

MODON Receives International Accreditation

The Saudi Authority for Industrial Estates and Technology Zones (MODON) received an accreditation certificate from the European Foundation for Quality Management (EFQM), for the four-star category, for applying quality and institutional excellence concepts. MODON is working to create the appropriate infrastructure to encourage local and international factories to access the…

Asharq Al-Awsat · Mar 22, 2023

Saudi PIF to Inject $266 Bn into New Projects

The Saudi Public Investment Fund invested nearly $1.3 billion in four national companies in the contracting sector during the last period, announced Governor Yasser al-Rumayyan. Rumayyan announced the establishment of a general department for national development to determine the strategic directions in economic development and measuring impact. The group launched…

Asharq Al-Awsat · Mar 15, 2023

Saudi Industrial Investments Target $260 Bln

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef called on the industrial business sector to take advantage of opportunities available in the Kingdom, noting that there are 12 sectors that have been targeted by 64 initiatives. Speaking at the Sixth Riyadh Industrialists Council meeting organized by the Riyadh Chamber…

Asharq Al-Awsat · Feb 21, 2023

Riyadh, Beijing Seek to Increase Cooperation in Housing, Mining and Industry Projects

Saudi Arabia and China are seeking to form a joint working group on cooperation in the field of housing, within the mechanism of the Trade and Investment Subcommittee, to enhance exchanges at the governmental level, and coordinate policies and planning. Areas of cooperation include the exchange of development plans, policies,…

Asharq Al-Awsat · Dec 9, 2022

176 Industries Localized in Saudi Arabia with Investments Exceeding $34 Billion

The Saudi Local Content Coordination Council revealed that the value of opportunities that were developed and launched in the Kingdom during the past year, with the aim to increase local content, reached about 24.8 billion riyals ($6.6 billion). In parallel, 176 industries were localized in three years from 2019 to…

Asharq Al-Awsat · Dec 5, 2022

Saudi Arabia to Adopt Strategy to Stimulate Development, Innovation and Research

Senior Saudi government officials revealed serious trends towards activating development, innovation and research within the framework of the country’s transformation plan, disclosing the imminent completion of a strategy dedicated to research and development. The Ministry of Education launched on Wednesday in Riyadh, the first dialogue conference, entitled “Integration and Sustainable…

Asharq Al-Awsat · Nov 24, 2022

Saudi Arabia to Manufacture, Export more than 150,000 Electric Cars by 2026

Saudi ministers said that they were working together to advance the industrial sector and achieve the goals of the National Industrial Strategy, which was launched by Crown Prince Mohammad bin Salman on Tuesday. They added that talks were underway with international companies to establish a center for car manufacturing in…

Asharq Al-Awsat · Oct 20, 2022

Saudi Arabia’s National Industrial Strategy to Boost Global Trade, Supply Chains Partnerships

Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef affirmed on Wednesday that the National Industrial Strategy (NIS) is an essential tool for diversifying the Kingdom’s economic base. Crown Prince Mohammed bin Salman launched on Tuesday NIS to realize the objectives of the Saudi Vision 2030.

Asharq Al-Awsat · Oct 20, 2022

Saudi Arabia Seeks to Strengthen Steel Industry

Saudi ministers revealed an endeavor to strengthen the iron and steel industry in the Kingdom, in parallel with plans to launch economic zones and initiatives to advance local supply chains and logistics. Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef announced that the ministry was working through the National…

Asharq Al-Awsat · Sep 13, 2022

Saudi Arabia Imposes Baseline for Drug Manufacturers Entering Gov’t Competitions

Saudi authorities have ordered pharmaceutical manufacturers to quickly complete the baseline calculation of their local content to avoid exclusion from government tenders to be made by the National Unified Procurement Company (NUPCO). The Local Content and Government Procurement Authority, at the end of 2021, revealed the signing of four agreements…

Asharq Al-Awsat · Aug 16, 2022