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Saudi Arabia continues to strengthen its global industrial competitiveness, driven by its strategic location, economic reforms, and Vision 2030 transformation plan. Speaking at the 21st UNIDO General Conference (GC21) in Riyadh, Minister of Investment Khalid Al-Falih emphasized that the Kingdom is now a central pillar in the reshaping of global supply chains.
Saudi Arabia’s Strategic Advantage
A Key Link in Global Supply Chains
- Global manufacturing is shifting from a few dominant hubs to regionally connected industrial clusters.
Saudi Arabia’s location allows it to capitalize on this shift and attract large-scale international investments.
The Kingdom is steadily becoming an industrial and logistical anchor for the Middle East, Africa, and Asia.
Vision 2030: Driving Long-Term Competitiveness
Major Transformation Pathways
Minister Al-Falih highlighted several core areas shaping Saudi Arabia’s economic future:
Advanced manufacturing
Mining & mineral processing
Downstream petrochemicals
Technology & digital economy
Clean energy, blue hydrogen & green hydrogen
Key Indicators
Estimated mineral reserves: $2.5 trillion
Digital economy target: 19% of GDP by 2030
Renewable energy projects among the most competitive globally
Non-oil activities now contribute 56% of GDP
Foreign investment inflows have quadrupled
Resource Strength & Industrial Potential
Saudi Arabia and the Middle East Hold Massive Resources
Nearly 50% of global oil reserves
40% of global gas reserves
Major global shares of critical minerals:
79% cobalt
44% manganese
21% graphite
These resources enable the Kingdom to attract large-scale energy, industrial, and technological investments.
Innovation, Technology & Youth Empowerment
A Growing Innovation Ecosystem
Venture capital activity grew 158%, reaching $1.3 billion.
Over 2,500 innovative entrepreneurs registered to launch operations in Saudi Arabia.
Saudi Arabia ranks among global leaders in technology, connectivity, and AI readiness.
Youth-Driven Workforce
Two-thirds of the population is youth.
Highly tech-savvy and globally connected.
Strong entrepreneurial culture aligned with Vision 2030 goals.
Tourism, Culture & New Economic Engines
Saudi Arabia is rapidly expanding high-growth sectors:
Tourism
Hospitality
Culture & heritage
Entertainment
International mega-projects such as AlUla, Diriyah, and Red Sea Global are becoming major drivers of job creation and economic diversification.
Regional & Global Partnerships
Strengthening International Reach
Saudi Arabia is building wide-ranging partnerships with:
Egypt, India, Pakistan, Levant countries
Global companies through the Regional Headquarters Program
The Kingdom’s sovereign wealth capital now stands at $1.5 trillion, supporting its global investment ambitions.
Vision 2030: A Model of Global Collaboration
Minister Al-Falih highlighted that Vision 2030 was built through strong international partnerships, especially with organizations such as UNIDO, which support industrial development, innovation, and policy enhancement.
A Future Built on Responsible Investment
Saudi Arabia remains committed to creating a prosperous, sustainable future driven by bold and collaborative investments.
How J K Helps You
As Saudi Arabia unlocks global opportunities under Vision 2030, J K Management Consultancies helps businesses establish and expand their presence with:
Company Formation & MISA License
Commercial Registration (CR) Setup
ZATCA, VAT & Corporate Tax Registration
GOSI, Qiwa, Muqeem Support
Vendor Registration (Aramco, NEOM, Red Sea, Qiddiya, Ministry Portals)
PRO & Compliance Services
Branch Setup, Subsidiary Setup & Investment Structuring
Whether you are entering the Saudi market or expanding within it, J K ensures smooth, compliant, and strategic market entry.
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