Industrials sector

The industrials sector remains a key pillar of Saudi’s economy representing 47.4 percent of the Kingdom’s GDP and employing 24.8 percent of its workforce. The entities that explore Saudi Arabia’s natural mineral resources play an instrumental role in the largest program of Saudi’s Vision 2030, in which $1.6 billion was allocated to support the industrials sector. Innovation through research acts as an anchor for the sector’s progress and development to identify new industries and diversify the economy, specifically to be a leader among regional and international peers. Corporations within the sector represent 11% of the market.