Saudi Press

Saudi Arabia and the world
Friday, Jul 11, 2025

Advanced technical products' exports targeted for 6 times increase

The Deputy Minister of Industry and Mineral Resources Eng. Osama Al-Zamil said the National Strategy for Industry aims to increase the exports of advanced technical products by about 6 times.
The National Strategy also aims to establish 15 factories for modern technologies and Internet of Things sensors, in addition to producing 800,000 tons of specialized chemicals.

During participating in a dialogue session at the third edition of the International Engineering Conference and Exhibition, Eng. Al-Zamil added that the national strategy is targeting to triple the industrial GDP, to reach SR895 billion.

It also aims to double the value of industrial exports to SR557 billion, reduce the deficit in the industrial trade balance by more than 80%, and as well as reaching investments in the sector worth SR1.3 trillion.

The strategy has identified 15 industrial sectors in Saudi Arabia that was included within 4 main sector, most notable are: building and enhancing the supply chains with international standards, strengthening the global trade for the Kingdom, developing and enhancing the culture of innovation and knowledge.

Eng. Al-Zamil said that the initiatives of the National Strategy for Industry distributed into 3 paths, and they are: Enabling initiatives for the industrial sector, which are concerned with creating an industrial environment for investors, and also to simplifying construction-related policies. Moreover, developing initiatives for 12 industrial activities, such as food, medicine, medical equipment, marine industries, and others.

He said that the strategic aim is to increase the number of factories to 36,000 factories by 2035, of which 3 advanced factories for vital medicines and medical vaccines, 4 factories for assembling aircraft components, 8 factories for metal forming, as well as to its target in offering more than 800 investment opportunities worth SR1 trillion.

Eng. Al-Zamil noted that the Ministry attaches utmost importance to the engineering professions, due to its fundamental pillar in industry and mining.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
×