Saudi Industry Ministry, KAUST roll out manufacturing technology drive

The initiative is part of the ministry’s ongoing efforts to enable industrial transformation in the Kingdom. Shutterstock
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Updated 23 December 2025
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Saudi Industry Ministry, KAUST roll out manufacturing technology drive

RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources has partnered with King Abdullah University of Science and Technology to roll out a new initiative aimed at accelerating the adoption of advanced manufacturing technologies across the Kingdom’s industrial sector.

The program, titled “Technologies for Exceptional Transformation,” is designed to help industrial companies integrate smart manufacturing solutions and applied research into their operations, boosting productivity and competitiveness, the Saudi Press Agency reported. 

The initiative is part of the ministry’s ongoing efforts to enable industrial transformation in the Kingdom. 

The program, which falls under the umbrella of the Local Industry Stimulation Initiative, facilitates access for industrial establishments of all sizes in the Kingdom to smart manufacturing solutions, strategic research, and technologies developed at KAUST in partnership with global service providers. 

It is designed to contribute to improved productivity, stimulate industrial innovation, enhance sustainability and quality, and develop new production lines in sectors prioritized by the National Industrial Strategy. 

“The criteria for companies to benefit from the initiative’s services include being headquartered in the Kingdom, having its activities aligned with the sectors approved in the National Industrial Strategy, identifying technical needs and gaps to provide appropriate support, and submitting a financing model and sharing financial performance data and R&D expenditure to evaluate its performance before and after adopting the technological solutions,” the SPA report stated. 

The Technologies for Exceptional Transformation initiative is part of the ministry’s integrated efforts with research centers and academic institutions, aligning with the center’s objectives to enable advanced manufacturing in the Kingdom. 

The program aims to enhance the efficiency and competitiveness of the industrial sector and help achieve the goals of Vision 2030. 


Closing Bell: Saudi main index closes in red at 10,847

Updated 25 February 2026
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Closing Bell: Saudi main index closes in red at 10,847

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.

The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.

The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.

The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.

The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.

Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.

Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.

On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.

In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.