Saudi industry and mineral resources ministry launches new mining innovation program

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Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the program will boost innovation. X/@mimgov
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Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the program will boost innovation. X/@mimgov
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Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the program will boost innovation. X/@mimgov
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Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the program will boost innovation. X/@mimgov
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Updated 29 December 2024
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Saudi industry and mineral resources ministry launches new mining innovation program

  • Initiative will support digital transformation in the industrial and mining sectors

RIYADH: Saudi Arabia has said it will launch a new initiative dedicated to fostering innovation in the mining and industrial sectors, according to official statements.

The Ministry of Industry and Mineral Resources announced the Innovative Industrial and Mining Products Program, which is described as a significant undertaking to enhance developments and support the digital transformation of these sectors, it said on its official X account. 

The authority added that the program represents “a key step toward fostering innovation in the industrial and mining sectors” and reflects its commitment to “developing innovative solutions that support the Kingdom’s industrial transformation and stimulate the growth and sustainability of the mining sector.” 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the program seeks to “provide an integrated environment that enables innovators to transform their ideas into executable and competitive products locally and internationally.” 

He added that the initiative will boost innovation, which is a key pillar of economic growth, and support digital transformation in the industrial and mining sectors, according to a tweet by the minister. 

In August, the ministry said that the petrochemical sector received a boost after a digital platform delivered over 100,000 tonnes of raw materials to local factories. 

Launched in mid-2023, the platform was designed to tackle challenges related to the surplus of locally available raw materials and to address competitiveness issues stemming from price disparities. 

The ministry continues to implement initiatives aligned with Saudi Vision 2030, with a focus on strengthening the Kingdom’s industrial base and enhancing its global competitiveness.

In September, it launched a new program aimed at facilitating investment and acquisitions within the industrial sector. This initiative is designed to create diverse investment opportunities tailored to the specific goals of investors, while also supporting industrial companies in expanding production and addressing operational challenges, as reported by the Saudi Press Agency.

This program is part of the ministry’s broader strategy to boost industrial investment and foster a more attractive investment environment. It offers three key benefits: promoting acquisitions within the industrial sector, providing liquidity to industrial companies, and presenting suitable investment opportunities for potential investors.

These efforts are intended to enhance production capacity and strengthen the competitive edge of industrial enterprises in the Kingdom.


Saudi tourism employment surpasses 1m as hospitality sector expands 

Updated 08 January 2026
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Saudi tourism employment surpasses 1m as hospitality sector expands 

RIYADH: Saudi Arabia’s tourism workforce surpassed 1 million in the third quarter of 2025, underscoring the sector’s rapid expansion as the Kingdom continues to develop its hospitality infrastructure and visitor economy. 

According to the latest Tourism Establishments Statistics report released by the General Authority for Statistics, the total number of employees in tourism activities reached approximately 1,009,691 in the third quarter of 2025, marking a 6.4 percent increase compared to the same period in 2024, when employment stood at 948,629. 

The growth in employment comes alongside a significant rise in the number of licensed tourism hospitality facilities, which increased by 40.6 percent year on year to reach 5,622 in the third quarter. Of these, serviced apartments and other hospitality facilities accounted for 52.6 percent, while hotels represented 47.4 percent. 

The robust growth reflected in the latest tourism statistics aligns directly with the goals of Vision 2030, as the Kingdom aims to double tourism’s gross domestic product contribution to 10 percent. The sector is also seeking to create 1.6 million jobs, and attract 150 million visitors annually by 2030.

The report showed that non-Saudi employees made up the majority of the tourism workforce, numbering 764,520 and accounting for 75.7 percent of the total. Saudi nationals employed in the sector reached 245,171, representing 24.3 percent of all tourism workers. 

In terms of gender distribution, male employees dominated the sector with 875,658 workers, while female employees totaled 134,033, making up just 13.3 percent of the workforce. 

Hotel performance showed positive momentum, with the average room occupancy rate rising to 49.1 percent during the quarter, an increase of 2.9 percentage points from 46.1 percent in the same period a year earlier. 

In contrast, serviced apartments and other hospitality facilities experienced a slight dip in occupancy, recording 57.4 percent compared to 58 percent in the same quarter of 2024. 

The average daily room rate in hotels decreased by 3.6 percent to SR341 ($90.9), down from SR354 in the third quarter of 2024. Meanwhile, serviced apartments and similar facilities saw their average daily rate rise by 4.1 percent to SR208, up from SR200 a year earlier. 

The average length of stay in hotels was 4.1 nights, down 1 percent from 4.2 nights in the third quarter of 2024. For serviced apartments and other hospitality facilities, the average stay was 2.1 nights, reflecting a marginal decrease of 0.2 percent year-on-year. 

The statistics draw on administrative records, surveys and secondary data to capture activity across the Kingdom’s tourism sector, GASTAT said.