Saudi Arabia strategic Projects: news, discussions & updates

[The SC]

Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef explores joint opportunities in the automotive, aircraft and shipbuilding industries with Italian companies

​

Today, the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, held a series of bilateral meetings with major Italian and international companies in the capital, Rome, to discuss opportunities to localize the electric car industry in the Kingdom, and to enhance cooperation in the aviation and shipbuilding industries, in addition to discussions about smart manufacturing solutions and automation in the Kingdom. Industrial sector.



The meetings discussed the specific opportunities offered by 12 strategic sectors, which focus on localizing the national strategy for industry, and the capabilities and incentives that the Kingdom offers to global investors to exploit these investment opportunities and create added value for the national economy.

In a meeting with the founder and president of the leading Swiss company in the electric car industry, Piëch, he discussed opportunities to transfer the latest car manufacturing technologies to the Kingdom, reviewing the Kingdom’s serious steps to localize this industry, including the establishment of several major projects in the automotive sector, including the “Lucid” car manufacturing project. Electric vehicles in the Kingdom, which aims to produce 155,000 cars annually by 2027, and establishing the “Seer” car manufacturing company, with a production capacity of up to 170,000 cars annually by 2034.

During a meeting with the CEO of Al-Nimer Al-Arabi Holding Company, he also discussed the company’s ambitious steps to localize aviation industry technologies in the Kingdom, by establishing a factory specialized in manufacturing aircraft parts, after its acquisition of Piaggio Aerospace, a leader in the manufacture of commercial aircraft and drones.


The Minister of Industry and Mineral Resources met with officials of the Italian company "Fincantieri", which specializes in shipbuilding, and discussed with them opportunities for cooperation in the marine industries sector in the Kingdom, across all value chains from the design stage until the presentation of the final product.

He also discussed, in a meeting with the International Director of Markets at AlmavivA Technical Company, the latest industrial facility automation solutions to increase their production efficiency, enhance cooperation in the field of smart manufacturing between the Kingdom and Italy, and adopt the applications of the Fourth Industrial Revolution in the industrial sector, especially robot integration solutions In manufacturing processes.



On the other hand, Al-Khorayef met with Vice President of the Saudi-Italian Business Council, Yousef Al-Maimani, and praised the council’s role in strengthening trade and economic ties between the Kingdom and Italy, and motivating Italian private sector companies to invest in promising sectors in the Kingdom, especially in the industrial and mining sectors.

On the other hand, Al-Khorayef met with Vice President of the Saudi-Italian Business Council, Yousef Al-Maimani, and praised the council’s role in strengthening trade and economic ties between the Kingdom and Italy, and motivating Italian private sector companies to invest in promising sectors in the Kingdom, especially in the industrial and mining sectors.


https://sabq.org/author/wassa

 

[The SC]

Saudi discussions in Italy to localize the helicopter industry​

Minister of Industry and Mineral Resources Bandar Al-Khorayef held discussions in Milan, Italy with the Chairman of the Board of Directors of the Italian company "Leonardo" Stefano Pontecorvo In the presence of the CEO of the National Center for Industrial Development, Eng. Saleh Al-Sulami



It focused on the localization of the helicopter components industry in the Kingdom Including airframes, propellers, fins, and electronic avionics systems.

Discussions focus on localizing the manufacture of helicopter components in the Kingdom..

Leonardo is one of the most prominent global companies in the aerospace, defense and security sectors, It employs more than 53 thousand employees around the world.]

The company is distinguished by its contribution to important international programs such as:

Eurofighter and NH-90, and has large production capabilities in Italy, the United Kingdom, Poland, and the United States of America.





The partnership between Leonardo and the Kingdom extends for more than 50 years; The company provided a wide range of platforms, systems and services
Including rescue helicopters, electronic systems, sensors, maritime defense, and cyber capabilities.



The Saudi aviation sector is expected to contribute 11.4 billion riyals to the GDP by 2030.



The visit of the Minister of Industry and Mineral Resources to Leonardo Company reflects the Kingdom’s commitment by strengthening the local aviation industry and benefiting from global expertise to achieve the goals of the Kingdom’s Vision 2030.

 

[The SC]

 

[The SC]

If you mention Islam, atheists attack you
If you mention the Arabs, the populists attack you
And if you mention monotheism, the graveists will attack you
If you mention the Companions, the Rafidah will attack you
If you mention the predecessors, the heretics will attack you
If you mention the ruler, the Kharijites will attack you

And if you mention #Saudi Arabia
They all attacked you

@Columbuos

 

[The SC]

Trump: I respect Saudi Arabia very much.

https://x.com/SaudiNews50
@SaudiNews50

 

[The SC]

Bloomberg Agency:

McKinsey and BCG believe that the Middle East region ranks among the strongest regions in the world in terms of revenues and profitability.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[The SC]

107 agreements worth 104 billion riyals were signed during the Energy Sector Localization Forum

​

Today, the Energy Sector Localization Forum witnessed the signing of 107 strategic agreements and memorandums of understanding to enhance the Kingdom’s global leadership in the fields of energy, with 117 entities from the public and private sectors, with a total value estimated at 104 billion riyals, according to the Saudi Press Agency.

It is noteworthy that the forum, which was held today and will last for two days, is organized by the Ministry of Energy, in a strategic partnership with Saudi Aramco, the Saudi Electricity Company, and SABIC.

The forum is part of the efforts aimed at achieving Saudization in the energy sector to 75%, within the framework of the Kingdom’s Vision 2030. It also discusses the importance of Saudization of the energy sector in building a sustainable future for future generations, stimulating national economic growth, and encouraging local and international investment.

https://www.argaam.com/ar/article/articledetail/id/1763034

 

[The SC]

Saudi Arabia.. Construction of the largest building in the world begins at a cost of $50 billion
​

Construction work on the largest skyscraper in the world has begun in Riyadh, at a cost of $50 billion, as part of the development projects announced by Saudi Crown Prince Mohammed bin Salman.

Featuring upscale restaurants, retail space, offices and restaurants, this massive cube will serve as a city center in its own right with a floor area of 2 million square feet.

The cube will also be home to many people, as it will include 104,000 residential units and 9,000 hotel rooms with vast green spaces. The cube development company is proud that it will use artificial intelligence to create exciting experiences for visitors to this place. This includes giant screens that will cover the outside of the arena, similar to a giant Las Vegas ball.

Although the project aims to move Saudi Arabia towards a more modern future, the company said it draws design inspiration from the local environment and regional architecture.

The buildings and area surrounding the urban oasis are inspired by wadis, the Arabic term for riverbed formations.

The organized winding paths, partly lined with smaller buildings, will create an image resembling desert streams flowing through the rugged rocks leading to the building.

The square design itself is considered a reference to the regional Najdi architectural style. Najdi is characterized by buildings made of mud brick, window openings, triangular or rectangular doors, and central outdoor courtyards.

The Cube Project is expected to add more than $51 billion to the non-oil GDP and create 334,000 job opportunities.

The New Square Development Company says the project will employ about 900 workers and will be completed by 2030.

The "Saudi Vision 2030" project aims to reduce the Kingdom's dependence on oil revenues, diversify the economy, and build public service sectors. Bin Salman has laid out ambitious plans for construction across the peninsula, which include a floating port city called “Oxagon” located on the Red Sea coast, a mountainous tourist destination called “Trowena,” and a “futuristic” city in the northwestern part of the country called “Neom.” It will be powered entirely by renewable energy.

The kingdom has also made plans to build “THE LINE,” a 105-mile-long concept building that will theoretically be home to 9 million people. All these projects are expected to be completed by 2030.




The project includes a museum and a technical university.

80 areas for live shows and entertainment.

Floor area of more than 25 million square meters.

The project includes 104 thousand housing units.

9 thousand hospitality units.

Commercial space: 980 thousand square metres.

1.4 million square meters of office space.

620 thousand square meters for entertainment facilities.

1.8 million square meters for community facilities.

The project's surroundings do not exceed 15 minutes on foot.

It is approximately 20 minutes away from the airport by car.

It is 400 meters high, 400 meters wide, and 400 meters long.




https://constructionwave.co.uk/2024...arts-on-worlds-largest-building-costing-50bn/

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[The SC]

Al-Falih: The population of Saudi Arabia will reach 50 million people during the next decade

The integrated structure enhances health sector investments in Saudi Arabia
Al-Falih:

We expect the Kingdom’s population to reach 50 million people over the next decade.


​

Saudi Minister of Investment, Engineer Khalid Al-Falih, said that the health transformation strategy is one of the most important “Vision 2030” programs launched by Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz,

It will be one of the biggest factors of empowerment in the Kingdom, indicating that what is happening is an unprecedented movement and not at the country level only, but it is a global experience, and the integrative structure enables investors in this sector.

Al-Falih indicated in a session during the World Health Forum in Riyadh that the expected increase in the global population is coupled with increasing health challenges and chronic epidemics, yet there is also a rise in the average global spending on the health sector of about $10 trillion annually.

The Minister of Investment stated: “We expect the Kingdom’s population to reach 50 million people during the next decade. And there is a major movement in Saudi Arabia to transfer responsibilities from the government to the private sector, and participation will increase. The private sector will reach 22 percent of service provision,” he added, adding that Riyadh will be a global center for biological industries.

Al-Falih stated that the Kingdom is not only keeping pace, but is preparing to lead the global movement and transform the challenges that the world faces in the health sector to great opportunities for the investor, as well as the integrative structure in Saudi Arabia. It is very good for attracting, empowering, developing and supporting investors of all categories, and it is on its way to being
The best in the world.

He added: “The Saudi market is large, and relatively speaking in the Middle East, we are the largest in economy and population. Growing medical services and the ability of citizens, visitors and residents to pay for health care and also ways
The advanced technical protection is among the highest in the world and is in high demand.”

Al-Falih explained that one of the most important factors attracting investment in the Kingdom is the presence of partners in the Saudi market, We are able to add value, in addition to the health sector’s digital infrastructure, which is among the best in the world. The privatization program is also a major attractive factor, as there are projects worth more than 120 billion riyals ($32 billion) in various stages.

https://aawsat.com/الاقتصاد/5073252-الفالح-البنية-التكاملية-تعزز-استثمارات-القطاع-
الصحي-بالسعودية

 

[The SC]

Mitsubishi Power is proud to announce that it has won the first contract to supply a Class J gas turbine in the Kingdom. The M501JAC gas turbine, known for its reliability and efficiency exceeding 64%, will power the new industrial plant for the coproduction of electricity and steam in the strategic expansion of the SATORP complex in Jubail, in cooperation with our partners in Samsung, Taqa and Jera. This project represents a historic milestone in our journey in the Kingdom, as the M501JAC turbine will be the first to be assembled at the Mitsubishi Power Center in Dammam, in line with the ambitious nationalization goals of Saudi Vision 2030.



Our advanced hydrogen-ready technologies will not only provide an efficient and flexible energy source, but will also support Saudi Aramco's carbon emissions reduction goals.

We are also pleased to announce the expansion of our partnership with the alliance led by TAQA and JERA, by signing a long-term agreement to provide maintenance and repair services and the supply of spare parts, to ensure the highest levels of availability and sustainable reliability supported by our service center within the Kingdom of Saudi Arabia.

With its heritage and experience spanning more than 50 years in the Kingdom of Saudi Arabia, Mitsubishi Power will remain committed to providing the latest clean, reliable and efficient energy solutions that contribute to driving industrial growth and sustainable progress in the Kingdom.


https://power.mhi.com/regions/mena/news/240826.html

 

[The SC]

In a significant step to strengthen industrial capabilities in the Kingdom, MAKEEN and HD Hyundai Heavy Industries have signed a license agreement to manufacture HiMSEN dual fuel engines in Saudi Arabia.



The agreement was signed in Zurich, Switzerland by Mr. Sangkee Rhee, Executive Vice President of HD Hyundai Heavy Industries, and Mr. Bader Al-Zoabi, Acting Chief Executive Officer of MAKEEN, in the presence of Mr. Mohammad Al-Shammary, Chairman of MAKEEN, and esteemed Board Managers.



Under the terms of the agreement, MAKEEN will manufacture HD Hyundai’s advanced HiMSEN dual fuel engines at its state-of-the-art facility in Ras Al-Khair, Saudi Arabia. This strategic partnership will strengthen MAKEEN's presence in engine manufacturing by providing customers with cutting-edge technologies

 

[The SC]

H-Class
GE Saudi Advanced Turbines (GESAT)

 

[The SC]

Mr. Kok Ann explains that ST Engineering Land Systems is busy in transferring the manufacturing know how in the KSA, awaiting the new SAMI ammunition production plant to be ready. “The cooperation agreement covers Technical Data Transfer, what is usually referred to as TDP,” he tells us.



As for the Kingdom of Saudi Arabia, we are working with SAMI in the field of ammunition, and specifically in the Ammunition Industrial Complex, AIC in short,” he adds





The first type of product that will be manufactured in the KSA is the 40 mm grenade in its various forms, low and high velocity, “however in the future production might be extended to 60, 81 and 120 mm mortar rounds,” the Land Systems President states..

 

[The SC]

 

[The SC]