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Industrial Establishments Increased to 11,000 in Saudi Arabia

The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)
The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)
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Industrial Establishments Increased to 11,000 in Saudi Arabia

The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)
The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)

The number of industrial establishments in Saudi Arabia increased from 8,800 in 2019 to more than 11,000 industrial establishments, according to Ministry of Industry and Mineral Resources official Mohammad al-Suwailem.

The undersecretary for industrial services was speaking at the “Industrial Sector Enablers” forum, organized by the Riyadh Chamber represented by the Industrial Committee, in cooperation with the Ministry of Industry and Mineral Resources.

The forum was held in the presence of a member of the Board of Directors and Chairman of the Industrial Committee at the Riyadh Chamber, Abdullah al-Khorayef, and several interested specialists in the industrial sector.

The event highlighted the enablers allocated to enable the industrial sector to achieve the industrial goals within the paths of Vision 2030.

Suwailem confirmed that the number of industrial establishments in Saudi Arabia is targeted to reach 36,000 in 2035.

Khorayef confirmed that holding the forum comes within the framework of the efforts of the Chamber’s Industry Committee to build bridges of communication with officials in the industrial sector.

He reiterated that it allows the opportunity to discuss issues of concern to the sector and reach solutions.

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Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
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Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco

Saudi Aramco has signed an agreement with Gulf Cryo, a regional leader of end-to-end industrial gases and decarbonization solutions in the MENAT region, to conduct testing of lower-carbon hydrogen and carbon capture & utilization technologies under Saudi Arabian climate conditions enabling future commercial deployment.

The agreement underscores Aramco’s desire to develop a lower carbon emission future through investing in research and technology development, to support business growth and meet global energy demand while reducing scope 1 and scope 2 GHG emissions to net-zero by 2050 from its wholly own operated assets.

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. The testing and assessment will be conducted at Gulf Cryo's newly established Applications and Technologies Center (ATC) at King Salman Energy Park (SPARK), a press statement said Thursday.

Aramco’s senior vice president of Technology Oversight and Coordination (TOC), Ali A. Al-Meshari, said: “This collaboration is important in advancing our early stage technologies to the next phase of development, which will help create local ecosystem for accelerating technology deployment leveraging in-kingdom talent and infrastructure.”

As for Gulf Cryo Vice Chairman, Eng. Abdel Salam Al Mazro, he said that “the project will leverage the capabilities of our Center to deliver groundbreaking lower-carbon hydrogen and decarbonization solutions, tailored to the unique needs of Aramco.”

In addition to driving technological advancements in decarbonization, this collaboration supports Saudi Arabia’s strategy to enhance localization and build local capabilities. The facility is planned to be ready for commissioning by the end of 2025, the statement added.