KSA to promote industrial prowess at ‘Made in Saudi’ event

Called “Saudi Craftsmanship,” the program’s second edition will feature 100 local companies from about 20 sectors, including petrochemicals, renewable energy and the automotive industry. Shutterstock
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Updated 09 October 2023
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KSA to promote industrial prowess at ‘Made in Saudi’ event

RIYADH: Saudi Arabia is all set to promote its industrial acumen at an event from Oct. 16-19, showcasing its products as a preferred choice of consumers in local and global markets. 

According to the Saudi Press Agency, the Ministry of Industry and Mineral Resources and the Saudi Export Development Authority will spearhead this event as part of the Made in Saudi Program. 

Called “Saudi Craftsmanship,” the program’s second edition will feature 100 local companies from about 20 sectors, including petrochemicals, renewable energy and the automotive industry. 

Representatives from the marine, building materials, food and pharmaceutical industries will also be present. 

The event will host workshops and seminars advocating the success of the “Made in Saudi” brand and the contributions of the Kingdom’s National Industrial Strategy in achieving the goals outlined in the Kingdom’s Vision 2030, reported the SPA. 

The strategy aims to accelerate the Kingdom’s industrial base as the country steadily diversifies its economy away from oil. 

“The National Industrial Development and Logistics Program aims to offer more vacancies to the national workforce through creating 1.6 million new jobs by 2030, which contributes to the Saudi GDP (gross domestic product) and increases Saudi exports,” according to Made in Saudi Arabia’s website. 

The Kingdom is currently aiming to increase the dependence on non-oil exports from 16 percent to 50 percent by 2030, the website added. 

Launched in 2021 by the NIDLP and the SEDA, Made in Saudi Program celebrates the Kingdom’s homegrown talent and innovation. 


Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

Updated 27 January 2026
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Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

RIYADH: Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper at the center of a downtown development in Riyadh while it reassesses the project's financing and feasibility, four people familiar with the matter said.

The Mukaab was planned as a 400-meter by 400-meter metal cube containing a dome with an AI-powered display, the largest on the planet, that visitors could observe from a more than 300-meter-tall ziggurat — or terraced structure —inside it.

Its future is now unclear, with work beyond soil excavation and pilings suspended, three of the people said. Development of the surrounding real estate is set to continue, five people familiar with the plans said.

The sources include people familiar with the project's development and people privy to internal deliberations at the PIF.

Officials from PIF, the Saudi government and the New Murabba project did not respond to Reuters requests for comment.

Real estate consultancy Knight Frank estimated the New Murabba district would cost about $50 billion — roughly equivalent to Jordan’s GDP — with projects commissioned so far valued at around $100 million.

Initial plans for the New Murabba district called for completion by 2030. It is now slated to be completed by 2040.

The development was intended to house 104,000 residential units and add SR180 billion to the Kingdom’s GDP, creating 334,000 direct and indirect jobs by 2030, the government had estimated previously.

(With Reuters)