Saudi Arabia is one of the world’s fastest growing countries in the manufacturing sector, with 7.5% average growth every year. The sector is at the forefront of the Kingdom’s economic diversification, localization, and privatization efforts and is now the third largest non-oil contributor to the Saudi economy. Key factors in the growth of the manufacturing industry are the large market size, developed R&D facilities, government support, modern infrastructure and business-friendly regulations.
automotive market sales value in 2019.
vehicles sold in 2019.
in the pipeline to be spent on the IKTVA program by Saudi Aramco by 2030.
total import of energy wires in the MENA.