Saudi to offer 814 industrial projects valued at $262 billion
23 February 2023
Saudi Arabia has identified nearly 814 feasible industrial projects with a combined value of nearly 979 billion Saudi riyals ($262 billion) that will be offered to the private sector, the Gulf Kingdom’s Industry and Mineral Resources Minister has said.
Bandar Al-Khorayef told an industry seminar in Riyadh on Monday that the project would be offered to investors gradually until the year 2035.
“We urge industry investors to utilise these massive manufacturing investment opportunities which are considered safe and feasible,” the Minister said in an address published by Sharqalawsat and other Saudi dailies on Tuesday.
He said the projects are part of the Ministry’s “industrial strategy” which aims to expand the non-oil manufacturing sector and boost its contribution to the country’s gross domestic product by around SAR 890 billion ($237 billion) to SAR 1.414 trillion ($378 billion) by 2035.
Related
-
Saudi Arabia Invites PQ for Strategic Reservoirs and Water Transmission Systems on PPP model
25 July 2025
-
Saudi Arabia announces $6.4bln in Syria investments
25 July 2025
-
MGC, Lantania Consortium awarded $544 million Jubail Desalination Plant Contract
24 July 2025
-
Shanghai Electric and Arctech signs agreement for 2.3GW Sadawi project solar tracking system
22 July 2025
-
Saudi Arabia unveils master plan for Dammam, two other airports
22 July 2025
-
PIF subsidiary prepares Eastern Province project tender
21 July 2025