Saudi Arabia’s manufacturing sector is undergoing a rapid transformation—marked by double-digit production growth, multibillion-dollar investments, and the adoption of next-gen technologies. These efforts support Vision 2030 by driving industrial diversification, enhancing global competitiveness, and creating a high-tech, resilient economy.
📊 Industry Overview:
Market Size: $158 billion
Contribution to GDP: 14%
Total Employment: 1.1 million people
Growth: Manufacturing activity rose by 12.4% (Oct 2024), contributing to a 5% overall industrial growth
Industrial Units: 11,549 (10% increase)
Top Growth Sector: Coke and refined petroleum (↑32.6%)
💼 Investment & Innovation:
Total Industrial Investment (2024): SR38.6 billion ($10.2 billion)
83.7% local, 8.3% international, 8% joint ventures
Target Export Goal: SAR 557 billion in industrial exports by 2030
Future Factories Program: Upgrading 4,000 factories with automation and smart tech
Tech Adoption: Widespread integration of IoT and AI to boost operational efficiency
🚀 Breakthrough Projects & Deals:
Graphene-Enriched Carbon Fiber: Saudi Arabia is the first to launch commercial production—expected to generate SAR 6B and 4,500 jobs by 2030
Semiconductor Manufacturing: Alat & KACST collaboration to localize production
Metals & Mining Investments: Over $9B in deals with global players from India, China, Australia, and more under the Vision 2030 supply chain initiative
🧩 Regulatory & Policy Updates:
New Laws: Streamlining trade registrations and equal treatment for foreign and domestic investors
Labor Law Reforms: Improved worker protections and clarified outsourcing regulations
IP Protections: Enhanced intellectual property laws and safeguards against expropriation